Accounts Receivable and Inventory Turnover Use the following information to respond to the questions below. Round all numbers to 1 place past the decimal (Example: 4.1, 90.7, 3.0) Current Prior Year Year Net Sales 580,000 539,000 Cost of Goods Sold 377,000 345,000 Accounts Receivable, beginning of year 61,000 73,000 Accounts Receivable, end of year 61,400 61,000 Inventory beginning of year 78,000 65,600 Inventory, end of year 87,800 78,000 IMPORTANT: When calculating Days use the Turnover that you calculated previously that was rounded to 1 place past the decimal. If you use more decimal places, it will likely be wrong. Current Prior Year Year Accounts Receivable Turnover AR Days (36S/AR Turn) Inventory Turnover Inventory Days (365/Inv. Turn)