Posted by **pioneer2006** on Thursday, November 8, 2007 at 12:35pm.

Assume that Hickory Copany has the following data related to its accounts receivable:

2005 2006

net sales $1,425,000 $1,650,000

net receivables

beginning of 2005:375,000

beginning of 2006:333,500

end of 2005:420,000

end of 2006:375,000

Use these data to compute accounts receivable turnover ratios and average collection periods for 2005 and 2006. Based on your analysis, is Hickory Company managing its receivables better or worse in 2006 than it did in 2005?

## Answer this Question

## Related Questions

- Accounting - Assume that Hickory Company has the following data related to its ...
- economics - use these data to compute accounts receivable turnover ratios and ...
- finance - a financial mgr is considering operating a lock box. she forecast that...
- accounting - I don't know if the answer is $0 or $1,000,000. One part says it's ...
- Finance/Accounting - I'm not sure how to work this oroblem. Can someone assist ...
- accounts - Stuck Stucky purchased a new truck on July 1, 2005 at a cost of $20,...
- accounting - P13-4A The following financial information is for Inca Company. ...
- Accounting - How do you calculate the 'Capital stock at the end of the year' ...
- Financial Accounting - Use the following information to answer multiple-choice ...
- Finance - a corporation had year end 2004 and 2005 retained earnings balances of...

More Related Questions