Determine the recieveables turnover ratio and avg collection, Accounting Basics

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Determine the recieveables turnover ratio and avg collection

Presented here is basic financial information (in millions) from the 2006 annual reports of Green Co. and Brown Co.

Green Co. Brown Co.
Sales $16,907.2 $10,176.7
Allowance for doubtful accounts, Jan. 1 79.8 83.7
Allowance for doubtful accounts, Dec. 31 86.4 130.7
Accounts receivable balance (gross), Jan. 1 2,789.2 1,208.5
Accounts receivable balance (gross), Dec. 31 3,057.7 1,552.3

determine the recieveables turnover ratio and avg collection period

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Accounting Basics: Determine the recieveables turnover ratio and avg collection

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Accounting Basics: Determine the recieveables turnover ratio and avg collection

Reference No:- TGS0708003

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Recent Questions Asked Accounting Basics

Q : How much will you have to save at the end of each month

Q : What is the projected ending retained earning balance

Q : Compute the cost of the ending inventory and the cost

Q : What is the net operating income for month under absorption

Q : Determine the recieveables turnover ratio and avg collection

Q : How we can calculate the marginal tax rate

Q : Given the current economic situation

Q : Compute net income on an accrual basis for the year

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Determine the recieveables turnover ratio and avg collection

Reference No:- TGS0708003

Recent Questions Asked Accounting Basics

Q : How much will you have to save at the end of each month

Q : What is the projected ending retained earning balance

Q : Compute the cost of the ending inventory and the cost

Q : What is the net operating income for month under absorption

Q : Determine the recieveables turnover ratio and avg collection

Q : How we can calculate the marginal tax rate

Q : Given the current economic situation

Q : Compute net income on an accrual basis for the year

Q : Identify three major accounting issues

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