A firm has $42,900 in receivables and $211,800 in total assets. The total asset turnover rate is 1.45 and the profit margin is 4.2 percent. How long on average does it take the firm to collect its receivables?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A firm has $42,900 in receivables and $211,800 in total assets. The total asset turnover rate is 1.45 and the profit margin is 4.2 percent. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following combinations should be avoided? a. high price and high quality b. low price and low quality c. heavy promotion and high availability d. heavy promotion and low (exclusive) availability
Answers (1)
Stable Enterprises had sales of $230,000 in Year 1. Stable warrants its products and estimates warranty expense to be 4% of sales. In Year 2 Stable paid $9,000 cash to settle warranty obligations.
Answers (1)
What must happen in order for an insurance company to make a payout? Check all that apply. The insurance company must verify the claim. The insured party must file a claim. The insured party must purchase property.
Answers (1)
When listing a reference on your resume, you should: A) Use a fancy font and eye-catching color B) Not list references on your resume - you should only mention that references are available to your potential employer if they should need them C) Use
Answers (1)
Landrum Corporation is considering investing in specialized equipment costing $250,000. The equipment has a useful life of 5 years and a residual value of $20,000. Depreciation is calculated using the straight-line method.
Answers (1)
New Questions in Business
A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $35,200, and an ending finished goods inventory of $18,700. The cost of goods sold for this company is: A.
Answers (1)
What is the process of making your goods and services available to buyers called?
Answers (1)
Asking "would you buy my product" in a survey is an example of what?
Answers (1)
Of all the steps needed for setting up a child care facility, the step that must come first is A. determining licensing requirements. B. developing a business plan. C. assessing child care needs. D. stating program goals.
Answers (1)
Pharaoh Furniture factors $740000 of receivables to Concord Factors, Inc. Concord Factors assesses a 2% service charge on the amount of receivables sold. Pharoah Furniture factors its receivables regularly with Concord Factors.
Answers (2)