Presentation is loading. Please wait.

Presentation is loading. Please wait.

LESSON 7-3 Accounts Receivable Turnover Ratio

Published byHerbert Smith Modified over 6 years ago

Similar presentations

Presentation on theme: "LESSON 7-3 Accounts Receivable Turnover Ratio"— Presentation transcript:

1 LESSON 7-3 Accounts Receivable Turnover Ratio
11/7/2018 LESSON 7-3 Accounts Receivable Turnover Ratio RED

2 CALCULATING THE ACCOUNTS RECEIVABLE TURNOVER RATIO
page 211 Compute the beginning and ending book value. 1 Total Accounts Receivable Allowance for Uncollectible Accounts Book Value of Accounts – = Beginning $50,329.14 $1,416.83 $48,912.31 – = Ending $45,462.79 $1,363.88 $44,098.91 – = LESSON 7-3

3 CALCULATING THE ACCOUNTS RECEIVABLE TURNOVER RATIO
page 211 Compute the average book value. 2 Beginning Book Value of Accounts Receivable Ending Book Average Book + =  2 ($48,912.31 $44,098.91) $46,505.61 + =  2 LESSON 7-3

4 CALCULATING THE ACCOUNTS RECEIVABLE TURNOVER RATIO
page 211 Compute the accounts receivable turnover. 3 Net Sales on Account Average Book Value of Accounts Receivable Accounts Receivable Turnover Ratio = $330,312.85 $46,505.61 7.1 times = LESSON 7-3

5 CALCULATING THE ACCOUNTS RECEIVABLE TURNOVER RATIO
page 211 Compute the average number of days for payment. 4 Days in Year Accounts Receivable Turnover Ratio Average Number of Days for Payment = 365 7.1 51 = LESSON 7-3

6 ANALYZING ACCOUNTS RECEIVABLE TURNOVER RATIOS
page 212 LESSON 7-3

7 TERMS REVIEW accounts receivable turnover ratio
LESSON 7-3 11/7/2018 TERMS REVIEW page 213 accounts receivable turnover ratio book value of accounts receivable LESSON 7-3 RED

Download ppt "LESSON 7-3 Accounts Receivable Turnover Ratio"

Similar presentations

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-4 Posting Special Journal Totals to a General Ledger.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-4 Posting Special Journal Totals to a General Ledger.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-3 Estimating the Inventory.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-3 Estimating the Inventory.
Rate Earned on Average Total Assets n (January 1 Total assets + December 31 Total Assets) / 2 = Average Total Assets n Net Income after Federal Income.

Rate Earned on Average Total Assets n (January 1 Total assets + December 31 Total Assets) / 2 = Average Total Assets n Net Income after Federal Income.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement Component Percentages.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement Component Percentages.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-2 Financial Statements and Analysis.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-2 Financial Statements and Analysis.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-1 The Nature of Merchandise Inventory.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-1 The Nature of Merchandise Inventory.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-2 Financial Statements and Analysis.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-2 Financial Statements and Analysis.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-2 Allowance Method of Recording Uncollectible Accounts Expense Allowance method of.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-2 Allowance Method of Recording Uncollectible Accounts Expense Allowance method of.
USING THE INFORMATION IN THE FINANCIAL STATEMENTS Financial ratios are calculated to evaluate the short-term liquidity of a company. These ratios include.

USING THE INFORMATION IN THE FINANCIAL STATEMENTS Financial ratios are calculated to evaluate the short-term liquidity of a company. These ratios include.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-3 Accounts Receivable Turnover Ratio Accounts receivable turnover ratio Average number.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-3 Accounts Receivable Turnover Ratio Accounts receivable turnover ratio Average number.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-1 Work Sheet for a Corporation.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-1 Work Sheet for a Corporation.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-3 Estimating the Inventory Gross profit method of estimating inventory Retail method.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-3 Estimating the Inventory Gross profit method of estimating inventory Retail method.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-2 Calculating Earnings Performance and Efficiency Analysis.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-2 Calculating Earnings Performance and Efficiency Analysis.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 15-3 Decisions That Affect Net Income.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 15-3 Decisions That Affect Net Income.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-1 The Nature of Merchandise Inventory Flow of inventory costs Effects of errors in.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-1 The Nature of Merchandise Inventory Flow of inventory costs Effects of errors in.
Learning Objectives Understand the Business – LO1 Describe the issues in managing different types of inventory. Study the accounting methods – LO2 Explain.

Learning Objectives Understand the Business – LO1 Describe the issues in managing different types of inventory. Study the accounting methods – LO2 Explain.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-3 Accounts Receivable Turnover Ratio.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-3 Accounts Receivable Turnover Ratio.
© South-Western Educational Publishing ALLOWANCE METHOD OF RECORDING LOSSES FROM UNCOLLECTIBLE ACCOUNTS Uncollectible Accounts Expense Accounts Receivable.

© South-Western Educational Publishing ALLOWANCE METHOD OF RECORDING LOSSES FROM UNCOLLECTIBLE ACCOUNTS Uncollectible Accounts Expense Accounts Receivable.
Debtors Turnover Ratio:

Debtors Turnover Ratio:
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-4 Posting Special Journal Totals to a General Ledger.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-4 Posting Special Journal Totals to a General Ledger.

Similar presentations

Ads by Google