The writer is very fast, professional and responded to the review request fast also. Thank you.
I. Using the resources of our course materials compute the following for two years:
II. https://www.sec.gov/Archives/edgar/data/1495320/000149532018000007/vra-20180203x10k.htm
(a) Accounts Receivable Turnover
The formula: Net Credit Sales. If Net Credit Sales information is not available, use Sales for purposes of this assignment.
Average Accounts Receivables
Formula for computing Average Accounts Receivables: Beginning AR + Ending AR/2
Comment briefly interpreting your results. 10 points
(b) Day’s sales in Accounts Receivable (AR)
The formula: Sales / 365 = Sales Per day
Divide Accounts Receivable ending balance by sales per day. The answer: day’s sales in AR.
Comment briefly interpreting your results. 10 points
( c ) Inventory Turnover
Formula: Cost of Goods Sold/Average Inventory
Formula for computing Average Inventory: Beginning Inventory + Ending Inventory/2
Comment briefly interpreting your results. 10 points
(d) Day’s sales in Inventory for two years.
For Inventory, Cost of Goods Sold / 365 = sales per day (at our cost).
Divide Inventory ending balance by sales per day. This answer: day’s sales in Inventory
Comment briefly interpreting your results. 10 points
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more