Tovn Cmp monalhen coyuter teh de Current Assets As oc 1267

? \"To.vn C,mp monal.(hen coyuter teh de / Current Assets As oc ?1,267,-38 s 616. 404 490, s16 665,828 3399 487s C u sn onda.rs turn ows. Account eeceisabi gHI, 912 4, 339 to3,0H 229,193 becember 31,2 4, 88S , 340 2,542,3s3 ? 33,SHI 230,lol Net Sule or the yeor ndg ecnbic 3, 2017

Solution

1)Average inventory = [338599+487505]/2= 826104/2

        = 413052

Inventory turnover ratio =cost of goods sold/ average inventory

              = 2542353/413052

               = 6.16

2)Average receivable =[490816+665828]/2= 1156644/2

             = 578322

Days accounts receivableoutstanding = 365 *average receivable / net sales

        = 365* 578322/ 4885340

         = 43.21 days