Allied Industries, Inc.

Selected Income Statement Items, 2017

Cash Sales RM1,500,000

Credit Sales RM7,500,000

Total Sales RM9,000,000

COGS RM6,000,000

Allied Industries, Inc.

Selected Balance Sheet Accounts

12/31/2017 12/31/2016 Change

Accounts Receivable RM270,000 RM240,000 RM30,000

Inventory RM125,000 RM100,000 RM25,000

Accounts Payable RM110,000 RM90,000 RM20,000

question :-

1. Average inventory for the year is RM____________.

2. Inventory turnover is _________ times.

3. Average production cycle is ______ days.

4. Average account receivable is RM__________.

5. Account receivable turnover is _________ times.

6. Collection cycle is ________ days.

7. Average Account Payable is RM________.

8. Accounts Payable Turnover is ______ times.

9. Accounts Payable Cycle is ______ days.