hospitality accounts

The following financial data were taken from the annual financial statements of Smith Corporation: Using the information provided in the 2009 2010 2011 Current assets $ 450,000 $ 400,000 $ 500,000 table, calculate the following for 2010: Current liabilities 390,000 300,000 340,000 Sales 1,450,000 1,500,000 Food Inventory Turnover (write your 1,400,000 Cost of goods sold 1,180,000 1,020,000 1,120,000 answer as follows = => 3.50 times per Inventory 280,000 200,000 250,000 Accounts receivable 120,000 110,000 105,000 year) Q Zoom