1. Calculate the accounts receivable turnover and number of days sales in accounts receivable (based on 365-day year) for the most recent year.
2. Based on your analysis in part (m), do you believe that the company is doing an effective job at managing accounts receivable? What would you estimate the industry averages to be for the accounts receivable turnover and number of days sales in accounts receivable? Explain.
3. Calculate the inventory turnover and number of days sales in inventory (based on a 365-day year) for the most recent year.
4. Based on your analysis in part (o), to what extend does the company need to be concerned about its inventory management polices? In assessing the inventory management policies, would you be more interest in knowing current ratio or acid-test ratio information? Explain.

DOLLAR GENERAL CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands, except per share amounts) Fihware 1