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3 years ago

A company’s _ tells you how much money the company has left over after subtracting all expenses

Business

1 answer:

crimeas [40]3 years ago

4 0

Answer:

A company's net profit tells you how much money the company has left over after subtracting all expenses.

Explanation:

A net profit, is when all of the companies money is spent on the things they need... and then it shows you what is left over. A company's profit is called net income or net profit. Net profit or income, is the total money remaining after accounting all of the cash flows, positive and negative numbers included.

Hope this helps! Brainliest plz? :)

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The 2016 income statements of Leggett & Platt, Inc. report net sales of $3,749.9 million. The balance sheet reports accounts

sergejj [24]

Answer:

option (A) 49 days

Explanation:

Data provided:

Net sales = $3,749.9 million

Accounts receivable on December 31, 2016 = $486.6 million

Accounts receivable on December 31, 2015 = $520.2 million

Now,

The duration from December 31, 2015 to December 31, 2016 = 365 days

Days sales outstanding = $\frac{\textup{Average accounts receivable}}{\textup{Credit sales}}\times Number of days$

Days sales outstanding = $\frac{\frac{\$486.6 + \$520.2}{2}\textup{million}}{\$\textup{3,749.9 million}}\times365$

Days sales outstanding = $\frac{\$\textup{503.4 million}}{\$\textup{3,749.9 million}}\times365$

Days sales outstanding = 48.99 ≈ 49 days

Hence,

The correct answer is option (A) 49 days

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Answer:

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