• Inventory Turnover in Times = ( $12140 / $3449.50 ) = 3.52 Times
• Inventory Turnover in Days for the Year 2019= Answer - 104 Days

• 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

• 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.