Dalhart Feeders, Inc.

Selected Comparative Financial Statement Information

Selected Comparative Income Statement Information
	Year Ended 12-31-2014	Year Ended 12-31-2015	Year Ended 12-31-2016
Sales Revenue (Net)	$5,310,000	$5,510,000	$5,790,000
Cost of Goods Sold	$2,550,000	$2,730,000	$2,920,000
Bad Debt Expense	$132,750	$137,750	$144,750

Selected Comparative Balance Sheet Information
	12-31-2013	12-31-2014	12-31-2015	12-31-2016
Accounts Receivable (Net)	$510,000	$560,000	$630,000	$760,000
Inventory	$330,000	$310,000	$290,000	$280,000
Accounts Payable	$200,000	$220,000	$250,000	$280,000

Please compute and provide the following information. Show supporting computations for the year ended 12-31-2014. Since the same computational logic will be used for the two following years, no supporting computations are necessary for those years.

	Year Ended 12-31-2014	Year Ended 12-31-2015	Year Ended 12-31-2016
Cash Receipts from Customers
Accounts Receivable Turnover
Average Days for Customers to Pay
Gross Profit Percentage
Bad Debt Expense as a Percentage of Sales Revenue (Net)
Inventory Turnover
Average Days for Inventory to Sell
Cash Payments for Inventory
Accounts Payable Turnover
Average Days to Pay Inventory Vendors
Average Days Cash-to-Cash