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Based on the Information for the Following Three Companies,a)compute the Number

Question 98

Essay

Based on the information for the following three companies,a)compute the number of days' sales in receivables for 2X13 for each company assuming 365 days in a year and b)analyze each company in accordance with a 45-day credit policy.

 Hadman  Net credit sales 2×13$122,0002×12120,000 Cost of goods sold 2×1354,0002×1251,000 Accounts receivable 2×1314,000 (ending balance) 2×1216,000 Inventory 2×1326,000 ending balance 2×1220,000 Teltor  Comdok $98,000$178,00099,000169,00044,00078,00039,00061,00021,00019,00018,00013,00019,0009,00020,00013,000\begin{array}{l}\begin{array} { l } &&\text { Hadman }\\\text { Net credit sales }&2 \times 13 & \$ 122,000 \\&2 \times 12 & 120,000 \\\text { Cost of goods sold }&2 \times 13 & 54,000 \\&2 \times 12 & 51,000 \\\text { Accounts receivable }&2 \times 13 & 14,000 \\\text { (ending balance) }&2 \times 12 & 16,000 \\\text { Inventory }&2 \times 13 & 26,000 \\\text { ending balance }&2 \times 12 & 20,000\end{array}\begin{array} { l } \text { Teltor }&\text { Comdok }\\\$ 98,000& \$ 178,000 \\99,000 & 169,000 \\44,000 & 78,000 \\39,000 & 61,000 \\21,000 & 19,000 \\18,000 & 13,000 \\19,000 & 9,000 \\20,000 & 13,000\end{array}\end{array}

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a)Accounts receivable turnover
b)Hadm...

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