(Click the icon to view the assets section of the balance sheet) (Click the icon to view the flabilites and stockholders' equity sections of the balance sheot) (Click the icon to viow the income statement.) Read the a. Use the income statement and the balance sheet to calculate Baker's rate of inventory tumover and days' inventory outstanding for 2021 , Begin by seiecting the formula and then enter the amounts to calculate inventory turnover. (Entor curtency amounts in milions as givon in the queston. Round the inventory turnover to tw decimat places, xx) Now, select the formula and then enter the amounts to calculate daye inventory cutstanding (DiO). (Entec any ratios used to calculate the DiO to two decinal places, X. XX, and use a 365Round the DiO to one docimal place, xx days.) b. Use the income statement and the balance sheet to cakilate the days' salos in average receivables (days' sales outstanding) duriog 2021 (round dolar arnounts to one decimal place) sales are mode on account, Select the formula and then enter the amounts to calculate days' sales in outstanding (DSO). (Abbrevation used: Ar = Accounts receivable. Enter any rabios used to calculate DSO to tao secimal places, XX, and use a 365 -day year. Round the DSO to one secimal place, X days.) Data table Data table Data table (Click the icon to view the assets section of the balance sheet) (Click the icon to view the flabilites and stockholders' equity sections of the balance sheot) (Click the icon to viow the income statement.) Read the a. Use the income statement and the balance sheet to calculate Baker's rate of inventory tumover and days' inventory outstanding for 2021 , Begin by seiecting the formula and then enter the amounts to calculate inventory turnover. (Entor curtency amounts in milions as givon in the queston. Round the inventory turnover to tw decimat places, xx) Now, select the formula and then enter the amounts to calculate daye inventory cutstanding (DiO). (Entec any ratios used to calculate the DiO to two decinal places, X. XX, and use a 365Round the DiO to one docimal place, xx days.) b. Use the income statement and the balance sheet to cakilate the days' salos in average receivables (days' sales outstanding) duriog 2021 (round dolar arnounts to one decimal place) sales are mode on account, Select the formula and then enter the amounts to calculate days' sales in outstanding (DSO). (Abbrevation used: Ar = Accounts receivable. Enter any rabios used to calculate DSO to tao secimal places, XX, and use a 365 -day year. Round the DSO to one secimal place, X days.) Data table Data table Data table
