A)

Wage Garnishers, Inc. has sales for the year of $50,300 and cost of goods sold of $23,700. The firm carries an average inventory of $4,800 and has an average accounts payable balance of $4,400. What is the inventory period?

12.39 days

18.68 days

31.29 days

73.92 days

81.36 days

B)

Jennifer has annual sales of $367,200 and cost of goods sold of $198,600. The average accounts receivable balance is $20,400. How many days on average does it take the firm to collect its accounts receivable?

	16.08 days
	16.30 days
	17.27 days
	18.00 days
	20.28 days