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:

Sales Mix

The relative proportions in which a company’s products are sold. Sales mix is computed by expressing the sales of each product as a percentage of total sales.

Monthly Sales

The total revenue generated from sales activities during a specific month, often used as a measure of business performance.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in zero net profit or loss.

Variable Expenses

Costs that fluctuate with production or sales volume, such as materials, utilities, and commissions.