4. Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
A company reports the following:
a. Accounts receivable turnover _______
b. Number of days' sales in receivables _______days
________
5. Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.
A company reports the following:
a. Inventory turnover __________
b. Number of days' sales in inventory __________days
