Bellamy Corporation has only common shares issued. The company's average gross profit margin is 40%. The information shown below was taken from Bellamy's latest financial statements: Instructions
Calculate the following ratios:
a) Accounts Receivables turnover and average collection period
b) Inventory turnover and days to sell inventory
c) Return on equity

Question

Bellamy Corporation has only common shares issued. The company's average gross profit margin is 40%. The information shown below was taken from Bellamy's latest financial statements:  Instructions
Calculate the following ratios: 
a) Accounts Receivables turnover and average collection period
b) Inventory turnover and days to sell inventory
c) Return on equity

Quizplus · Accepted Answer

The Answer of Bellamy Corporation has only common shares issued. The company's average gross profit margin is 40%. The information shown below was taken from Bellamy's latest financial statements:  Instructions
Calculate the following ratios: 
a) Accounts Receivables turnover and average collection period
b) Inventory turnover and days to sell inventory
c) Return on equity

Bellamy Corporation Has Only Common Shares Issued