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Inventory Turnover in Times = ( $12140 / $3449.50 ) = 3.52 Times Inventory Turnover in Days for the Year 2019= Answer - 104 Days
- Inventory Turnover in Times = ( $12140 / $3449.50 ) = 3.52 Times
- Inventory Turnover in Days for the Year 2019= Answer - 104 Days
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Accounts Receivable Turnover in Times for the Year 2019 = ( 377.7 / 88 ) = 4.29 Times = Answer - 4.29 Times
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Accounts Receivable Turnover in Days for the Year 2019 = ( 365 Days / 4.29 Times ) = 85.08 Days
- 1. Define to the board of directors the meaning of the Inventory and Accounts Receivable Turnover. Why are you using them? What information are they providing?
- 2. Explain Kohls Inventory and Accounts Receivable Turnover analysis results from above. What is being communicated from the analysis? It is good or bad?
- 3. What recommendations would you provide Kohls board of directors to improve efficiencies in its operations? Please provide two recommendations. Please be specific and realistic.
Accounts Receivable Turnover in Times for the Year 2019 = ( 377.7 / 88 ) = 4.29 Times = Answer - 4.29 Times
Accounts Receivable Turnover in Days for the Year 2019 = ( 365 Days / 4.29 Times ) = 85.08 Days
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Your Financial Well Being How To Get Your Financial Well Being With Smart Spending Habits
Authors: Fransisca Patten
1st Edition
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