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End of Year Beginning of Year 948 2,400 1,100 392 $4,840 $2,420 $ 86 2,300 1,100 364 $3,850 $1,921 Cash and cash equivalents Accounts receivable
End of Year Beginning of Year 948 2,400 1,100 392 $4,840 $2,420 $ 86 2,300 1,100 364 $3,850 $1,921 Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities For the year, net credit sales were $9,870 million, cost of goods sold was $6,380 million, and net cash provided by operating activities was $1,271 million Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio Accounts receivable turnover 4.1 times Average collection period 89 days Inventory turnover 5.9 times Days in inventory 61.9days
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