# XYZ's receivables turnover is 10x.  The accounts receivable at year­end are \$600,000.  The average  collection period is 90 days (3 months).  What was the sales figure for the year?

advertisement ```XYZ's receivables turnover is 10x. The accounts receivable at year&shy;end are \$600,000. The average collection period is 90 days (3 months). What was the sales figure for the year?
A firm has total assets of \$2,000,000. It has \$900,000 in long&shy;term debt. The stockholders equity is \$900,000. What is the total debt to asset ratio?
A
firm has a debt to equity ratio of 50%, debt of \$300,000, and net income of \$90,000. The return on equity is
A firm has beginning inventory of 300 units at a cost of \$11 each. Production during the period was 650 units at \$12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?
A firm has forecasted sales of \$3,000 in April, \$4,500 in May and \$6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the beginning of July?
```