WebDec 31, 2024 · Expert Answer. 100% (1 rating) Ans 146: Huckabee's Receivables Turnover is (C) 5.26 This calculated as : Accounts Receivable Turnover= Net Credit Sales / Average Accounts Receivable = $400,000 / [ (80000+72000)/2] = $400,000 / $76,000 = 5.26 Average receivable of two years is taken …. View the full answer. Transcribed image text: D) … WebExcerpts from Huckabee Company's December 31, 2024 and 2024, financial statements are presented below: 2024 2024Accounts receivable$80,000 $72,000 Merchandise inventory 58,000 72,000 Net sales 400,000 372,000 Cost of goods sold 240,000 220,000 Huckabee's 2024 average collection period (rounded) is: 69 days 400,000/ ( …
Solved Excerpts from Huckabee Company
WebDec 31, 2024 · Question: Excerpts from Hulkster Company's December 31, 2024 and 2024, financial statements are presented below: WebDec 31, 2024 · 13. Excerpts from Huckabee Company's December 31, 2024 and 2024, financial statements are presented below: 2024 2024 Accounts receivable $ 80,000 $ 72,000Merchandise inventory 58,000 72,000 Net sales 400,000 372,000 Cost of goods sold 240,000 220,000 Huckabee's 2024 average collection period (rounded) is: A) 69 days. … green earth consultants
Excerpts from huckabee companys december 31 2024 and
WebApr 22, 2024 · Excerpts from Huckabee Company's December 31, 2024 and 2024, financial statements are presented below: 2024 2024 Accounts receivable $ 83,000 $ 75,000 Merchandise inventory 61,000 75,000 Net sales 403,000 375,000 Cost of goods sold 243,000 223,000 Huckabee's 2024 average collection period (rounded) is:______. See … WebExcerpts from TPX Company's December 31, 2024 and 2024, financial statements are presented below: 2024 2024 Accounts receivable $81,000 $77,000 Inventory 93,000 78,000 Net sales 480,000 379,000 Cost of goods sold 264,000 224,000 Total assets 815,000 760,000 Total stockholders' equity 490,000 440,000 Net income 74,000 51,000 fluarix thimerosal