Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
2. Computation and evaluation of activity ratios. The following data relate to Alaska Products,
Inc:
20X5
20X4
Net credit sales
$832,000
$760,000
Cost of goods sold
530,000
400,000
Cash, Dec. 31
125,000
110,000
Average Accounts receivable
205,000
156,000
Average Inventory
70,000
50,000
Accounts payable, Dec. 31
115,000
108,000
Instructions
a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
