Income Statement Balance Sheets Accels Companies, a home improvement store chain, reported the following summarized figures (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Accel's has 10,000 common shares outstanding during. 2024 Requirement 1. Compute tho inventory turnover, days' sales in inventory, and gross profit percentage for Accel's Companies for 2024 Compute the inventory turnover. (Round your answer to two decimal places, XX.) The inventory turnover = =limes Compute the days' salos in inventory. (Round interim calculations to two decimal places, XX and round your final answer to the nearest wholo day.) The days' sales in inventory = Compute the gross profit percentage. (Round your answer to the nearest tenth of a percent, .4 ) The gross proft dercentage = caloulations to threo docimal plases, XXXCX and round your final antwer to the noareat wholo day) Days' sates in arverage tecuivables diss Requirement 3. What do these ratios say aboul Acoels Companips' atily to sell invertory and colect tecenables? (Assume the folowing noustry averages, inveriocy turngver * Accels Compaces' have a high amount of iventocy on tand and a invertory tumonor faso. This could be an ared to look ar and compore to the prior yoar and industry average. They have a gress prodi porcontage, whuch is a The amount of tre it takes to collect recenables seems but this would depend on the Income Statement Balance Sheets Accels Companies, a home improvement store chain, reported the following summarized figures (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Accel's has 10,000 common shares outstanding during. 2024 Requirement 1. Compute tho inventory turnover, days' sales in inventory, and gross profit percentage for Accel's Companies for 2024 Compute the inventory turnover. (Round your answer to two decimal places, XX.) The inventory turnover = =limes Compute the days' salos in inventory. (Round interim calculations to two decimal places, XX and round your final answer to the nearest wholo day.) The days' sales in inventory = Compute the gross profit percentage. (Round your answer to the nearest tenth of a percent, .4 ) The gross proft dercentage = caloulations to threo docimal plases, XXXCX and round your final antwer to the noareat wholo day) Days' sates in arverage tecuivables diss Requirement 3. What do these ratios say aboul Acoels Companips' atily to sell invertory and colect tecenables? (Assume the folowing noustry averages, inveriocy turngver * Accels Compaces' have a high amount of iventocy on tand and a invertory tumonor faso. This could be an ared to look ar and compore to the prior yoar and industry average. They have a gress prodi porcontage, whuch is a The amount of tre it takes to collect recenables seems but this would depend on the
