chapter 12 Q 6 part b

Pina Piping Company manufactures PVC pipe. The company has provided the following selected financial information: 2020 2021 Accounts receivable $82.000 $62.000 Inventory 92.000 82,000 Total current assets 232.000 262.000 Total assets 592.000 472.000 Current liabilities 52.000 42,000 162.000 219.000 372.000 432,000 Total liabilities Net credit sales Cost of goods sold Net income 282.000 330,600 68.000 74,000 (a) Your answer is correct. What is Pina' average days to sell inventory for 2021? (Round answer to 1 decimal place, eg. 52.7) Sell Inventory 96.1 days e Textbook and Media Attempts: 1 of 3 used (b) What is Pina' debt ratio for 2021? (Round answer to 2 decimal places, e.g. 52.75.) Debt ratio % e Textbook and Media Save for later Attempts: 0 of 3 used Submit