Financial Accounting > EXAM > Harvard University MGMT E 1000Final Exam: Financial Accounting Principles ( verified answers ) (All)

Harvard University MGMT E 1000Final Exam: Financial Accounting Principles ( verified answers )

Document Content and Description Below

Final Exam Due May 14 at 11:59pm Points 119 Questions 119 Available May 13 at 12:01am - May 14 at 11:59pm 2 days Time Limit 180 Minutes This quiz was locked May 14 at 11:59pm. Attempt History Att... empt Time Score LATEST Attempt 1 180 minutes 97 out of 119 Score for this quiz: 97 out of 119 Submitted May 14 at 9:23pm This attempt took 180 minutes. 1. Answer the following questions for CVS Health (December 31, 2015). You will be able to find the financial statements for CVS Health (http://www.sec.gov/cgibin/viewer?action=view&cik=64803&accession_number=0000064803-16-000074&xbrl_type=v) by clicking the link below: Link: http://www.sec.gov/cgi-bin/viewer? action=view&cik=64803&accession_number=0000064803-16-000074&xbrl_type=v (http://www.sec.gov/cgi-bin/viewer?action=view&cik=64803&accession_number=0000064803-16- 000074&xbrl_type=v) Please open the link in another tab or window. Make sure you do not shut down the window for this exam while you are looking up the data. If you can't access the website, or prefer to download an Excel file with this information, you can download this spreadsheet of financial statements for CVS Health. a. What are the company’s net receivables at the end of most recent fiscal year? 1. Show gross receivables 2. Show uncollectable reserves 3. Net receivables b. Compute the following ratio for the most recent fiscal year: 1. Accounts receivable turnover (assume credit sales were 50% of total sales)Final Exam: Financial Accounting Principles 9/24/16, 1:30 PM https://canvas.harvard.edu/courses/8774/quizzes/21735?headless=1 Page 2 of 54 2. Average collection period 3. Inventory turnover 4. Days inventory held Question 1 1 / 1 pts 1. a. 1) Gross receivables $11,888 million Correct! Correct! Not listed $11,888 billion $32.7 billion Question 2 1 / 1 pts 1. a. 2) Uncollectable reserves $5.1 billion $4.8 million Correct! Correct! Not listed $2.4 million [Show More]

Last updated: 2 years ago

Preview 1 out of 54 pages

Buy Now

Instant download

We Accept: