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Please answer both part .Asap YouTube Maps Paraphrase Online ament 18 - Chapter 13 Saved Help 5 Double West Suppliers (DWS) reported sales for the
Please answer both part .Asap
YouTube Maps Paraphrase Online ament 18 - Chapter 13 Saved Help 5 Double West Suppliers (DWS) reported sales for the year of $325,000, all on credit. The average gross profit percentage was 10 percent on sales. Account balances are as follows: Benin Ending Accounts receivable (not) 556,000 59,000 $44,000 Inventory 41,000 Required: 1. Compute the turnover ratios for accounts receivable and Inventory (Round your answers to 1 decimal place.) times Receivables turnover rato Inventory turnover ratio times My turnover ratio times 1 2. By dividing 365 by your ratios from requirement, calculate the average days to collect receivables and the average days to sell inventory. (Round your answers to 1 decimal place) Days to colloce Days to sell 3. Not available in Connect Step by Step Solution
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