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ExtremeBDS [4]
3 years ago
5

Simon Company’s year-end balance sheets follow.

Business
1 answer:
klemol [59]3 years ago
3 0

Answer:

The answer is given below;

Explanation:

Days sales in inventory-2017= Average Inventory/Cost of goods sold*365

                                =(115,000+85,000)/2/(458,674)/365

                                =(100,000/458,674)*365

                                =80 days

Days sales inventory 2016= (85,000+56,000)/2/(385,686)*365

                                            =(70,500/385,686)*365

                                             =67 days

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6 0
1 year ago
As of December 31, 2020, Gill Co. reported accounts receivable of $236,000 and an allowance for uncollectible accounts of $8,400
maksim [4K]

Answer:

$1,583

Explanation:

Accounts receivables as at 31/12/2021 = $236,000

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= Accounts receivables as at 31/12/2021 + increase in AR

= $236,000 + $22,300

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