Business, 20.04.2021 18:10 korrinevbrulz8682

The following information was available for the year ended December 31, 2019: Net sales $ 1,003,750 Cost of goods sold 638,750 Average accounts receivable for the year 42,700 Accounts receivable at year-end 23,400 Average inventory for the year 206,000 Inventory at year-end 158,400 Required: Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) Calculate the accounts receivable turnover for 2019. (Round your answer to 1 decimal place.) Calculate the number of days' sales in accounts receivable for 2019, using year-end accounts receivable. (Use 365 days a year. Round your answer to 1 decimal place.)

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The following information was available for the year ended December 31, 2019: Net sales $ 1,003,750...

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