Solution-Compute the accounts receivable and inventory

Compute the accounts receivable and inventory turnover ratio

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Reference no: EM132036359

Question - 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 - Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.

Reference no: EM132036359

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Compute the accounts receivable and inventory turnover ratio

Reference no: EM132036359

Reference no: EM132036359

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