The following table shows selected data for Wong Corporation for the past five years ended December 31,2017:
a_Prepare an analysis showing the trend percentages for the five years 2013-2017,using 2013 as the base year.
b_What was the inventory turnover for 2016?
c_What was the accounts receivable turnover for 2017?
Definitions:
Current Sales
The total revenue generated from goods or services sold by a company during the current period.
Break-Even Sales
The amount of revenue required to cover both the fixed and variable costs of a business, indicating the point at which profit starts to be generated.
Margin Of Safety
The difference between actual sales and break-even sales, indicating the amount by which sales can drop before losses begin.
Percentage Of Sales
A financial ratio that compares a particular figure or total, such as profit or expense, to the total sales revenue.
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