Business, 05.05.2020 20:44 bekahmalcom19
He following information was available for the year ended December 31, 2019: Net sales $ 821,250 Cost of goods sold 602,250 Average accounts receivable for the year 39,100 Accounts receivable at year-end 30,400 Average inventory for the year 166,000 Inventory at year-end 157,575 Required: Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) Calculate the accounts receivable turnover for 2019. (Round your answer to 1 decimal place.) Calculate the number of days' sales in accounts receivable for 2019, using year-end accounts receivable. (Use 365 days a year. Round your answer to 1 decimal place.)
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He following information was available for the year ended December 31, 2019: Net sales $ 821,250 Cos...
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