Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
rolotony rolotony
wrote...
Go to Answer
Posts: 120
Rep: 0 1
A year ago
Multiple Enterprises, Inc.

Selected figures from the Balance Sheet and Income Statement of Multiple Enterprises, Inc. are shown below. (Compute answer accurate to two decimal places.)

From the Balance Sheet
 
From the Income Statement
Cash
$   514,800
 Net Sales
$1,900,000
Accounts Receivable
$   324,000
 Cost of Goods Sold
$   796,000
Merchandise Inventory:  Net Income
$   240,000
          End of this year
$   498,000
   
          End of last year
$   432,000
   
Total Current Assets
$1,336,800
   
Total Current Liabilities
$   269,200
   
Total Stockholders' Equity
$1,292,800
   



Refer to Multiple Enterprises, Inc. Compute the ratio of accounts receivable to net sales.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
Read 38 times
1 Reply
Replies
Answer verified by a subject expert
goodone14goodone14
wrote...
#1
Posts: 134
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

rolotony Author
wrote...

A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
rhockeygirl
wrote...

Yesterday
Correct Slight Smile TY
Katey_maree
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  983 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 336
  
 285
  
 1488
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: Where do you get your textbooks?