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Accounts Receivable and Inventory Turnover Year...

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Accounting

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Accounts Receivable and Inventory Turnover Year 2 $233,715$182,795 0,089 112,258 71,230 52,503 Average accounts receivable 33,713 27,816 1,938 Sales Cost of goods sold Operating income 14 Average inventory 1. Compute the accounts receivable turnover for Years 1 and 2. Round to one decimal place. 2,230 Accounts Receivable Turnover Year 2 2. Compute the number of days' sales in receivables for Years 1 and 2. Assume there are 365 days in a year, and round to nearest day Number of Days' Sales in Receivables Year 2 days 3. Compute the inventory turnover for Years 1 and 2. Round to one decimal place. 4. Compute the number of days' sales in inventory for Years 1 and 2. Assume there are 365 days in a year, and round to nearest day. Number of Days' Sales in Inventory days days

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