Please answer part eh Many thanks SolutioneNumber of days in

Please answer part e-h

Many thanks!

Solution

e)Number of days in receivable = 365 * average receivable /net sales

         = 365 * 3459/34350

        = 36.76 days

**Average receivable = [3677+3241]/2=3459

f)Inventory turnover = cost of sales /Average inventory

      = 19038 / 4946.5

      = 3.85

**Average inventory = [5055+4838]/2=4946.5

g)number of days in inventory = 365/ inventory turnover

                  = 365 /3.85

                   = 94.81 days

h)Ratio of liabilities to stockholders equity = Liabilities /equity

                  = 10852 /12407

                 = .87

**Total liabilities =current liabilities +long term liabilities

= 5474+3471+1907=10852