Accounts Receivable and Inventory Ratios

Bell Company had the following current assets at year-end:

Cash	$29,000
Short-term investments	49,400
Accounts receivable (net)	170,000
Inventory	200,000
Prepaid expenses	11,600
Current assets	$460,000

The company had net sales for the year of $900,000 and cost of goods sold of $550,000. At the beginning of the year, Bells accounts receivable (net) were $160,000 and its Inventory was $195,000. a. What is the companys accounts receivable turnover for the year? (Round to two decimal places.) Answer

b. What is the companys average collection period for the year? (Round to one decimal place.) Answer

c. What is the companys inventory turnover for the year? (Round to two decimal places.) Answer

d. What is the companys days sales in inventory for the year? (Round to one decimal place.) Answer