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Presented below are select financial data from the TurboWind annual report: * Net Sales = Gross Sales less sales & allowances Required: A. Calculate the
Presented below are select financial data from the TurboWind annual report: * Net Sales = Gross Sales less sales & allowances Required: A. Calculate the following ratios for both years 1. Receivable turnover 2. Receivable collection period 3. Inventory turnover 4. Inventory-on-hand period B. Provide a brief analysis (5-7 sentences in the yellow box below) summarizing your response to the following questions: i) Evaluate TurboWind's accounts receivable and inventory management implied by changes in the ratios calculated in Part A. ii) Evaluate how changes in the ratios calculated in Part A would impact TurboWind's cash flows. iii) Evaluate the potential positives and negatives related to changes in the ratios calculated in Part A
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