Based on the Following Information for Rockwell Corporation for 2017,calculate

question 84

Essay

Based on the following information for Rockwell Corporation for 2017,calculate the following ratios:
$\begin{array}{ll}\text { Merchandise inventory, January 1,2017 } & \$ 50,000 \\\text { Accounts receivable, Janutury 1, 2017 } & 240,000 \\\text { Cost of goods sold } & 170,000 \\\text { Net sales } & 650,000 \\\text { Merchandise inventory, December 31, 2017 } & 65,000 \\\text { Accounts receivable, December 31, 2017 } & 200,000\end{array}$ a_accounts receivable turnover
b_days' sales in receivables
c_merchandise inventory turnover

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Definitions:

Costs

The values of resources expended in order to achieve a certain objective, such as production or delivering services.

Iso-profit Line

A graphical representation in economics showing all possible combinations of two inputs that yield the same profit level.

Producing

The act of creating, manufacturing, or generating goods or services.

Feasible Solution

A solution to a problem that meets all the constraints and requirements, often used in the context of optimization problems.