Winter Corporation has issued ordinary shares only. The company has been successful and the gross profit is 20% of sales. The information shown below was taken from the company's financial statements. Instructions
Compute the following:
(a) Accounts receivable turnover and the average collection period.
(b) Inventory turnover and the days in inventory.
(c) Return on ordinary shareholders' equity.

Question

Winter Corporation has issued ordinary shares only. The company has been successful and the gross profit is 20% of sales. The information shown below was taken from the company's financial statements.  Instructions
Compute the following:
(a) Accounts receivable turnover and the average collection period.
(b) Inventory turnover and the days in inventory.
(c) Return on ordinary shareholders' equity.

Quizplus · Accepted Answer

The Answer of Winter Corporation has issued ordinary shares only. The company has been successful and the gross profit is 20% of sales. The information shown below was taken from the company's financial statements.  Instructions
Compute the following:
(a) Accounts receivable turnover and the average collection period.
(b) Inventory turnover and the days in inventory.
(c) Return on ordinary shareholders' equity.

Winter Corporation Has Issued Ordinary Shares Only