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Financial Accounting for Decision Making

by: Gerda Pacocha

Financial Accounting for Decision Making ACC 207

Marketplace > California State Polytechnic University > Accounting > ACC 207 > Financial Accounting for Decision Making
Gerda Pacocha
CSU Pomona
GPA 3.86

Hong Pak

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Hong Pak
Class Notes
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This 9 page Class Notes was uploaded by Gerda Pacocha on Saturday October 3, 2015. The Class Notes belongs to ACC 207 at California State Polytechnic University taught by Hong Pak in Fall. Since its upload, it has received 5 views. For similar materials see /class/218388/acc-207-california-state-polytechnic-university in Accounting at California State Polytechnic University.


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Date Created: 10/03/15
Presented by Frank Emerson Brittany Thompson Kevin Warnecke Ricardo Gonzales Courtney Gallagher FORMULAS AND DEFINlTIONS 6 Percentage of Net Receivables to total assets Net ReceivableTotal Assets X 100 Receivables Turnover Ratio This formula is used to measure how effective a company is in regards to credit lending and collection of receivables A higher ratio shows that the company is doing well in terms of collecting their accounts receivables A low ratio shows that a company is ineffective with collection methods 6 Receivables Turnover Ratio Net SalesAverage Net Trade Accounts Receivable 6 Average Net Trade Accounts Receivable Beginning Net Trade Accounts Receivable Ending Net Trade Accounts Receivable2 6 Percentage of Bad Debt Expense to Net Sale Bad Debt ExpenseNet Sales X 100 CHHPOTLE Percentage of Receivables to Total Assets 2007 240 2008 079 2009 082 Receivables Turnover Ratio 2007 701 2008 1118 2009 2112 9 Percentage of Bad Debt Expense to Sales 2007 0022 2008 0046 2009 0022 DOMINO S Percentage of Receivables to Total Assets 2007 146 2008 150 2009 194 Receivables Turnover Ratio 2007 203 2008 209 2009 168 9 Percentage of Bad Debt Expense to Sales 2007 NA 2008 NA 2009 NA WEN DY S AR BY S Percentage of Receivables to Total Assets 2007 1621 2008 2743 2009 1088 Receivables Turnover Ratio 2007 255 2008 280 2009 357 9 Percentage of Bad Debt Expense to Sales 2007 001 2008 004 2009 018 BURGER KING Percentage of Receivables to Total Assets 2007 667 2008 685 2009 600 Receivables Turnover Ratio 2007 1887 2008 1858 2009 1909 9 Percentage of Bad Debt Expense to Sales 2007 13 2008 094 2009 086 MCDONALD S Percentage of Receivables to Total Assets 2007 351 2008 327 2009 359 Receivables Turnover Ratio 2007 233 2008 237 2009 228 9 Percentage of Bad Debt Expense to Sales 2007 NA 2008 NA 2009 NA INDUSTRY COMPARISON 6 Industry Receivables Turnover Ratio for the Restaurant Industry 564 9 By comparison our companies have much higher receivable turnover ratios This could be because the companies we chose are among the largest in the industry This ratio takes into account smaller restaurants thus making it lower THE END


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