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Computing Activity Ratios Selected balance sheet and income statement information follows for R.A. Corporation. R.A. Corporation $ millions April 2, 2020 March 28, 2019 Income
Computing Activity Ratios Selected balance sheet and income statement information follows for R.A. Corporation. R.A. Corporation $ millions April 2, 2020 March 28, 2019 Income statement information: Sales $13,737 $18,628 Cost of goods sold 6,758 8,105 Balance sheet information: Accounts receivable, gross 1,542 2,265 Inventory 2,138 2,605 Accounts payable 317 525 Required Compute the following ratios for its fiscal year ended April 2, 2020. Round your answers to two decimal places (for example, enter 20.46 for 20.4555558). 0 a. Accounts receivable turnover b. Average days to collect receivables c. Inventory turnover d. Average days in inventory e. Accounts payable turnover f. Average days payable outstanding g. Cash conversion cycle o o o o o o Check
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