Warm Winters Linen, Inc had net sales of 350,00 . and net income of 30,000 . Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer accurate to two decimal places.)
Q. 2Seven years ago, Elise Damato started a business specializing in dog walking and dog grooming. After the first year, her pet food supplier started giving Elise a cash discount of 2.25 on any amount paid within 15 days of the invoice date. On October 25, Elise bought pet food costing 1,064 . On November 8, Elise paid 800 on the purchase. Compute the unpaid balance. (This problem involves the partial payment of an invoice within the discount period.)
Q. 3Warm Winters Linen, Inc had accounts receivable of 150,00 . and net sales of 350,000 . Compute the ratio of accounts receivable to net sales. (Round answer to two decimal places.)
Q. 4Winthrop Racing owns a car racing team on the East Coast. On May 25, Winthrop purchased 26,750 worth of racing tires for the cars on its team. To get the Winthrop account, the tire manufacturer offered generous terms of 5/15, net 60 . The discount applies to any amount paid within the discount period. What is the unpaid balance if Winthrop paid 20,00 . on June 5? (This problem involves the partial payment of an invoice within the discount period.)
Q. 5Warm Winters Linen, Inc had ending inventory this year of 250,000 . ending inventory last year of 200,000 . and cost of goods sold of 240,000 . Compute the inventory turnover. (Round answer to two decimal places.)
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