Calculate the below measures of financial turnover for the year 20X3:

 (1) Inventory turnover and

 (2) Accounts receivable turnover. 

Assume that:

 (1) revenue consists entirely of net credit sales,

 (2) the 20X3 year-end inventory balance represents average inventory, and

 (3) the 20X3 year-end balance of accounts receivable represents the average. of accounts receivable. 

Calculate the turnover measures in number of shifts and in number of days.

Weaver Corporation Financial Statements

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