Excerpts from Nationwide Company’s December 31, 2024 and 202…
Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales (all credit)400,000372,000Cost of goods sold254,000216,000Total assets850,000810,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the average collection period for 2024?Note: Round your intermediate calculations to one decimal place and final answer to the nearest day.
Read DetailsBad Brad’s BBQ had cash flows for the year as follows ($ in…
Bad Brad’s BBQ had cash flows for the year as follows ($ in millions): Cash received from: Customers$ 2,800Interest on investments280Sale of land100Sale of common stock530Issuance of debt securities1,900Cash paid for: Interest on debt$ 330Income taxes100Debt principal reduction1,700Purchase of equipment3,600Purchase of inventory850Dividends on common stock230Operating expenses800 Bad Brad’s would report net cash inflows (outflows) from financing activities in the amount of:
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