2020 2019 $ 479,892 S 151,828 THE TORO COMPANY AND SUBSIDIARIES Consolidated Balance Sheets (Dollars in thousands, except per share data) October 31 ASSETS Cash and cash equivalents Receivables, net Customers, net af allowances (2020 - 54,586, 2019-53.270) Receivables from finance affiliate Other Total receivables, net entones net Prepaid expenses and other current assets Total current assets Property, plant and equipment net Goudwill Other mangible acts, Act Right-fue ases Investment in finance affiliate Delanted income taxes Ether Total LIABITIES AND STOCKHOLDERS FOLITY Current profiter debt 223.105 220,534 12,619 21,873 25.411 26,361 261 135 268,768 652433 651 663 14.18 50.632 1,427648 1.122,891 467.919 437.17 434,075 160,253 408 305 352,374 78.752 19,745 6.166 5251 2031 23314 28933282.2005 49.873 1994 6. Calculate the company's account receivable turnover ratio for both this year and the prior year. Show your computations. Note: If not credit sales is not available, use nel sales This year Net credit sales Average net AR Last year Explain what information this ratio provides Use.complete setences Has the current ratio improved or worsened? Explain. Use complete sentences Comment on the trend in total revenue Is it increasing or decreasing over the two-year period? 7. Calculate the company's days' sales in receivables for both this year and the prior year. Show your computations This year 365 days AR turnover ratio Last year Explain what information this ratio provides use complete sentences 2020 2019 $ 479,892 S 151,828 THE TORO COMPANY AND SUBSIDIARIES Consolidated Balance Sheets (Dollars in thousands, except per share data) October 31 ASSETS Cash and cash equivalents Receivables, net Customers, net af allowances (2020 - 54,586, 2019-53.270) Receivables from finance affiliate Other Total receivables, net entones net Prepaid expenses and other current assets Total current assets Property, plant and equipment net Goudwill Other mangible acts, Act Right-fue ases Investment in finance affiliate Delanted income taxes Ether Total LIABITIES AND STOCKHOLDERS FOLITY Current profiter debt 223.105 220,534 12,619 21,873 25.411 26,361 261 135 268,768 652433 651 663 14.18 50.632 1,427648 1.122,891 467.919 437.17 434,075 160,253 408 305 352,374 78.752 19,745 6.166 5251 2031 23314 28933282.2005 49.873 1994 6. Calculate the company's account receivable turnover ratio for both this year and the prior year. Show your computations. Note: If not credit sales is not available, use nel sales This year Net credit sales Average net AR Last year Explain what information this ratio provides Use.complete setences Has the current ratio improved or worsened? Explain. Use complete sentences Comment on the trend in total revenue Is it increasing or decreasing over the two-year period? 7. Calculate the company's days' sales in receivables for both this year and the prior year. Show your computations This year 365 days AR turnover ratio Last year Explain what information this ratio provides use complete sentences