### Compute the accounts receivable turn over

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##### Reference no: EM132234170

Question - The following selected data were taken from the records of Delta Company:

 Beginning Ending Accounts receivable - net 60,000 40,000 Inventory 55,000 65,000 Sales (All on credit) 600,000 Cost of goods sold 360,000

Required:

A. Compute the following ratios:

1. Accounts receivable turn over

2. Average collection period

3. Inventory turnover

4. Days sales in inventory

B. Delta's credit term is 2/10, n/30. The industry average inventory turnover is 8 times. Comment on Delta's efficiency in managing its accounts receivable and inventory.

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