Accounts receivable turnover

1. (TCO 5) Szabo Company computed the following data for 2003: Days’ sales in receivables: 38.7 days Accounts receivable turnover: 9.6 times Accounts receivable turnover in days: 35.1 days Days’ sales in inventory: 68.5 days Merchandise inventory turnover: 5.9 times Inventory turnover in days: 58.7 days The estimated operating cycle for 2003 is?

2. Smith Company presents the following data for 2006. Inventories, beginning of year: $310,150 Inventories, end of year: $340,469 Cost of goods sold: $2,103,696 Net sales: $8,690,150 The number of days’ sales in inventory is?

3. A summarized income statement for Leveraged Inc. is presented below. Sales $1,000,000 Cost of Sales 600,000 Gross Profit 400,000 Operating Expenses 250,000 Operating Income 150,000 Interest Expense 30,000 Earnings Before Tax 120,000 Income Tax 40,000 Net Income 80,000 The degree of financial leverage is?

4. Execon Company had total assets of $200,000, total liabilities of $110,000, and shareholders’ equity of $90,000 at the beginning of the year. For the year, Execon Company earned net income of $75,000 and declared cash dividends of $30,000. At the end of the year, the company had total assets of $300,000 and its shareholders’ equity was at $135,000. At the end of the year, Execon Corporation had total liabilities of?