Question
1- Tom's Hardware has inventory of $445,000, equity of $408,290, total assets of $647,745, and sales of $968,387. What is the common-size percentage for the
1- Tom's Hardware has inventory of $445,000, equity of $408,290, total assets of $647,745, and sales of $968,387. What is the common-size percentage for the inventory account? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
2- Ordonez Lumber Yard has a current accounts receivable balance of: $631,706
Credit sales for the year just ended were: $6,907,891 (Do not round intermediate calculations and enter your answers rounded to 2 decimal places, e.g., 32.16.)
What is the receivables turnover?
The days' sales in receivables?
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