Question
Asset Efficiency Ratios: Selected financial statement numbers for Rutherford Company follow, Net sales $256,200 Cost of goods sold 179,000 Average accounts receivable 20,730 Average inventory
Asset Efficiency Ratios: Selected financial statement numbers for Rutherford Company follow,
Net sales $256,200
Cost of goods sold 179,000
Average accounts receivable 20,730
Average inventory 4,145
Average property, plant, and equipment 75,705
Average total assets 126,127
Required: Round your answers to two decimal places. 1. Using this information, calculate Rutherford's receivable turnover ratio. ________?
2. Using this information, calculate Rutherford's asset turnover ratio and also convert the ratio into days (rounded to the nearest whole day). Asset turnover ratio ______? Conversion into days days _______?
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