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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Calculating the Average Collection Period Pujols Lumber Yard has a current accounts receivable balance of $387,615. Credit sales for the year just ended were $2,945,600. What is the receivables turnover? The days’ sales in receivables how long did it take on average for credit customers to pay off their accounts during the past year?Calculating the Cash Coverage Ratio Kat Inc.’s net income for the most recent year was $1 0,157. The tax rate was 34 percent. The firm paid $3,405 in total interest expense and deducted $2, 186 in depreciation expense. What was the cash coverage ratio for the year?
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