The Following Information Is Available for a Company for the Current

question 100

Essay

The following information is available for a company for the current year:
$\begin{array} { l r } \text { Net Sales Revenue } & \$ 345,000 \\\text { Cost of Goods Sold } & 205,000 \\\text { Average Accounts Receivable } & 32,500 \\\text { Average Inventory } & 9,450 \\\text { Average Net Fixed Assets } & 81,250 \\\text { Average Total Assets } & 130,000\end{array}$
Required:
Part a.Calculate the receivables turnover ratio for the current year.
Part b.Calculate the days to collect for the current year.
Part c.Calculate the inventory turnover ratio for the current year.
Part d.Calculate the days to sell for the current year.
Round all ratios to two decimal points.

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Definitions:

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the body's tissues and returns carbon dioxide from the tissues back to the lungs.

Excess Tissues

Excess tissues refer to the additional or surplus biological tissue in the body, which may result from factors like obesity, tumor growth, or other conditions.

Throat

The anterior part of the neck, which consists of the pharynx and larynx, serving as the pathway for air to the lungs and food to the esophagus.

Hemoglobin

A protein in red blood cells responsible for transporting oxygen from the lungs to the rest of the body.