The following data was taken from the production and accounting records for Casuccio...

80.2K

Verified Solution

Question

Accounting

image

The following data was taken from the production and accounting records for Casuccio Manufacturing, Inc. Unaudited 2023 Audited 2022 Audited 2021 Operating Data Capacity in units 450,000 450,000 450,000 Production in units 450,000 32,000 400.000 28,000 300.000 21,000 Inventory in units Financial Data ($000) Total revenues $21,200 $15,700 Total assets Accounts receivable, net $35,200 $23,000 $5,900 $175 $165 $27,500 $19,500 $4,300 $135 $125 $3,900 Bad debt expense Accounts receivable written off $105 $100 Calculate the following ratios for 2023, 2022, and 2021: (Round Uncollectible accounts expense to net credit sales to 4 decimal places, e.g. 15.2571 and other answers to 2 decimal places, e.g. 15.25.) Unaudited 2023 Audited 2022 Audited 2021 1. Sales to total assets. 2. Sales to production. 3. Revenue per unit sold. 4. Accounts receivable growth to sales growth. 5. Uncollectible accounts expense to net credit sales. 6. Uncollectible accounts expense to accounts receivable written off. 7. Accounts receivable turnover in days

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students