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ACCOUNT RECEIVABLE: $ 500,000 ACCOUNT PAYABLE: $ 305,000 INVENGTORY: $200,000 GROSS PROFIT: $250,000 REVENUES: $950,000 A. CALCULATE THE RECEIVABLES TURNOVER, INVENTORY TURNOVER, AND DAYS SALES

ACCOUNT RECEIVABLE: $ 500,000

ACCOUNT PAYABLE: $ 305,000

INVENGTORY: $200,000

GROSS PROFIT: $250,000

REVENUES: $950,000

A. CALCULATE THE RECEIVABLES TURNOVER, INVENTORY TURNOVER, AND DAYS SALES OUTSTANDING.

B. INTERPRET THE DAYS SALES OUTSTANDING.

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