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1. Compute the accounts receivable turnover for Years 1 and 2 . Round...

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Accounting

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1. Compute the accounts receivable turnover for Years 1 and 2 . Round to one decimal place. 2. Compute the days' sales in receivables for Years 1 and 2. Assume there are 365 days in the ye 3. Compute the inventory turnover for Years 1 and 2 . Round to one decimal place. 5. Compute the return on sales for Years 1 and 2. Round to one decimal place. 6. All of the following are true regarding the accounts receivable and inventory analyses for CVS except : a. The management of receivables and inventories remained approximately the same in Years 1 and 2 . b. The days' sales in inventory has decreased from year 1 to year 2 , which is an unfavorable change. c. The days' sales in receivables remained constant between Year 1 and Year 2. d. Inventory turnover in Year 2 has increased slightly. Because the change was slight, the days' sales in inventory remained constant between Years 1 and 2

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