ii) Assets management (106 words) Year Inventory turnover Days' sales in Receivables turnover Days' sales in inventory receivables 2019 Cost of goods sold / 365 days / Sales / Accounts receivable 365 days / Inventory Inventory turnover = 462,259,000 / 64,553,000 Receivables turnover - 212,081,000 / 93,118,000 - 365 / 2.28 - 7.16 times = 365 / 7.16 - 2.28 times - 160 days - 51 days 2018 Cost of goods sold / 365 days / Sales / Accounts receivable 365 days / Inventory Inventory turnover = 440,421,000 / 83,236,000 Receivables turnover - 172,690,000 / 105,363,000 - 365 / 1.64 - 5.29 times - 365 / 5.29 - 1.64 times - 223 days - 69 days 2017 Cost of goods sold / 365 days / Sales / Accounts receivable 365 days / Inventory Inventory turnover -613,159,000 / 121,783,000 Receivables turnover - 254,132,000 / 132,938,000 - 365 / 1.91 - 5.03 times = 365 / 5.03 - 1.91 times 191 days - 73 days 2016 Cost of goods sold / 365 days / Sales / Accounts receivable 365 days / Inventory Inventory turnover #665,438,000 / 111,719,000 Receivables turnover - 299,252,000 / 149,426,000 - 365 / 2.0 - 5.96 times - 365 /5.96 - 2.0 times - 183 days - 61 days Table 1.2