Question
Activity Inventory turnover: (Costs of Goods Sold / Inventory) 2018: 6.23 2019: 7.0 2020: 6.29 Average collection Period: (Accounts Receivable / Average Sales per Day)
Activity
Inventory turnover:
(Costs of Goods Sold / Inventory)
2018: 6.23
2019: 7.0
2020: 6.29
Average collection Period: (Accounts Receivable / Average Sales per Day)
2018: 15.39 days
2019: 13.98 days
2020: 15.8 days
Average payment period:
(Account Payable / Average Purchases per Day)
2018: 168.62 days
2019: 171.39 days
2020: 167.86 days
Total assets turnover:
(Sales / Total Assets)
2018: 2.96
2019: 1.66
2020: 1.25
evaluate the time series analysis for three period
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Fundamental Accounting Principles Volume II
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
1259261433, 978-1260305838
