Galaxy United, Inc.2012 Income StatementNet sales $614,100Less: Cost of goods sold 521,400Less: Depreciation 11,200Earnings before interest and taxes 81,500Less: Interest paid 10,100Taxable income $71,400Less: Taxes 28,900Net income $42,500Galaxy United, Inc.2011 and 2012 Balance Sheets2011 2012 2011 2012Cash $17,000 $16,500 Accounts payable $128,600 $134,700Accounts rec. 54,100 56,700 Long-term debt 147,500 135,500Inventory 189,400 186,700 Common stock* 125,000 140,000Sub-total $260,500 $259,900 Retained earnings 120,700 131,800Net fixed assets 261,300 282,100Total $521,800 $542,000 Total $521,800 $542,000*The par value of the common stock is $1 per share.How many days of sales are in receivables? (Use 2012 values)
Galaxy United, Inc.2012 Income StatementNet sales $614,100Less: Cost of goods sold 521,400Less:
A professional Academic Service Provider
Writing Darlings are Punctual, Professional, Excellent Quality, and Confidential
Writing Darlings has experienced experts acclimatized to different subjects and always aiming to give clients the best experience. Our services are diversified to meet each client’s needs. For instance, our research team is readily available to guide students undertaking dissertations, research work, and Thesis proposals. We also have experts in nursing and other medical courses, who engage students throughout their learning journey. Report writing is also well covered within our platform with adequate staff to handle various projects in a timely manner. The company also has current instruments to ensure quality work free of grammar errors. All projects are handled from scratch; hence, are non-plagiarized.
Core Values
1. Punctuality: We ensure projects are completed within the specified period. Timely execution enables clients to go through their projects before submitting to their various institutions.
2. Confidentiality: Our interactions with the clients remain private and confidential
3. Professionalism Our highly-trained staff handle clients with utmost professionalism. Our engagements with clients remain professional and we continuously train our staff to ensure the consistency.
Assurances
4. Quality is a Guarantee: The projects are highly scrutinized by the QA team to ensure clients receive the best quality, which meets the expected standards. Also, the projects are accurately matched with the respective experts to maintain excellent quality.
5. Money Back Policy: As a client-oriented service, we offer 100% refund for the following: if we received a double payment from you; if you placed similar orders twice (or more) and paid for all of them; the writer has not been assigned; you asked to cancel the order within 20 minutes after placing it; an e-Check payment has been sent (the Dispute Manager will contact you accordingly). Other cases involve a comprehensive investigation by the Dispute Department and feedback given within 24 hours. We value our customers; therefore, the process will be fair, fast, and precise.
5 .Free Revisions: You can request for revisions at no additional cost. Nonetheless, this does not include complete change of the initial order instructions and if it is not past ten days upon your approval.
6. 24/7 Customer Support: Our support staff are always online to provide any assistance when needed
Ordering Process
NOTE: If you have any question, always contact our support team before the commencement of your project. ALL THE BEST”:
Recent Comments