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Computing Activity Ratios The following amounts are summarized from information included in a company's 2020 annual report ($ millions). Account 2020 Sales $21,852 Cost of
Computing Activity Ratios
The following amounts are summarized from information included in a company's 2020 annual report ($ millions).
Account | 2020 |
---|---|
Sales | $21,852 |
Cost of goods sold | 13,663 |
Accounts receivable, average balance | 283 |
Inventory, average balance | 631 |
Accounts payable, average balance | 409
|
Enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.
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 |
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