I.Please use the 2018 SEC 10 K for Vera Bradley and compute the following for two years:

II.

(a)Accounts Receivable Turnover

The formula: Net Credit Sales. If Net Credit Sales information is not available, use Sales for purposes of this assignment.

Average Accounts Receivables

Formula for computing Average Accounts Receivables: Beginning AR + Ending AR/2

Comment briefly interpreting your results. 10 points

(b)Day's sales in Accounts Receivable (AR)

The formula:Sales / 365 = Sales Per day

Divide Accounts Receivable ending balance by sales per day. The answer: day's sales in AR.

Comment briefly interpreting your results. 10 points

( c )Inventory Turnover

Formula: Cost of Goods Sold/Average Inventory

Formula for computing Average Inventory: Beginning Inventory + Ending Inventory/2

Comment briefly interpreting your results. 10 points

(d)Day's sales in Inventory for two years.

For Inventory, Cost of Goods Sold / 365 = sales per day (at our cost).

Divide Inventory ending balance by sales per day. This answer:day's sales in Inventory

Comment briefly interpreting your results. 10 points