A company has net sales of $900,000 and average accounts receivable of $300,000. What is its accounts receivable turnover for the period? a. 0.20. b. 5.00. c. 20.0. d. 73.0. e. 3.0. How to find the percent of account receivables considered uncollectible?
Performance Measurement:Average total assets are used to calculate important financial ratios such as Return on Assets (ROA). ROA indicates the company’s ability to generate profits from its invested assets. By comparing the company’s net income to its average total assets, investors and analysts...
(or less) to spend after taxes and other payroll deductions. If you assume you have $4,000 to spend each month, you’ll quickly find yourself in a deep financial hole. If you look at net income instead and make sure budgeted spending is below your net income, you could start saving ...
The average net worth of U.S. households is $121,760. So if your net worth is higher than $121,760, but nowhere near $2.2 million, you are obviously doing pretty well compared to many Americans. The same Schwab survey, incidentally, found that the 1,000 respondents concluded...
Annualize your income: To find your annual gross income, multiply your average weekly income by the number of weeks you work in a year. If you work the whole year, this would be 52 weeks. Using the previous example, $525 per week over 52 weeks would result in a gross annual income of...
The average ebook sells for around $2.99 so if you can sell a thousand copies per month, that’s $2,990. Granted, that’s no small feat—but it’s doable. That said, some publishers have commented that they have been able to earn more profit by increasing prices. While they sell few...
How much you need to be in the top 5%: $202,158 Average household income for the top 5%: $336,788 Median household income for the entire state: $54,943 How much more the average 5% makes than the median: 6.1x Check Out:6 Ways to Tell If You’re Financially Smarter Than the Avera...
If you look at the example in the previous paragraph, you will find that 30 cents on each US dollar end up in the company piggy bank. When you compare the gross margin of your business with the average value, you learn the current state of your commercial activity. ...
Examples of Net Interest Income Suppose you manage XYZ Bank. This bank has loans to customers worth $50 million at an average interest rate of 6% a year. In addition, XYZ Bank has a $30 million investment in government securities at an average interest rate of 4% a year. ...
To calculate a company's EPS, the balance sheet and income statement are used to find the period-end number of common shares, dividends paid on preferred stock (if any), and the net income or earnings.It is more accurate to use a weighted average number of common shares over the reportin...