write my assignment 13290

Alpha Company has the following account balances information for fiscal year 2015 & 2016 (all balances are normal):Alpha CompanyDecember 31Accounts20162015Accounts Receivable$40,500$35,500Allowance for Doubtful Accounts2,5001,500Merchandise Inventory57,00050,000Office Supplies25,00020,000Credit Sales960,000740,000Sales Discounts10,0009,000Interest Income25,00020,000Cost of Goods Sold460,000385,0001. What is the FY 2016 accounts receivable turnover ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word times. (Example 1.123 would be entered 1.1 times)2. What is the FY 2016 days outstanding for accounts receivable ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word days. (Example 1.123 would be entered 1.1 days)

Alpha Company has the following account balances information for fiscal year 2015 & 2016 (all balances are normal):

Alpha Company

December 31

Accounts

2016

2015

Accounts Receivable

$40,500

$35,500

Allowance for Doubtful Accounts

2,500

1,500

Merchandise Inventory

57,000

50,000

Office Supplies

25,000

20,000

Credit Sales

960,000

740,000

Sales Discounts

10,000

9,000

Interest Income

25,000

20,000

Cost of Goods Sold

460,000

385,000

1. What is the FY 2016 accounts receivable turnover ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word times. (Example 1.123 would be entered 1.1 times)

2. What is the FY 2016 days outstanding for accounts receivable ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word days. (Example 1.123 would be entered 1.1 days)

 
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