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Question 2 Selected financial data for Sunland Ltd. are shown below. Net sales Cost of goods sold Accounts receivable (gross) Inventory 2021 $6,440,000 4,460,000 810,000
Question 2 Selected financial data for Sunland Ltd. are shown below. Net sales Cost of goods sold Accounts receivable (gross) Inventory 2021 $6,440,000 4,460,000 810,000 1,020,000 2020 $6,250,000 4,470,000 710,000 940,000 2019 $5,410,000 3,930,000 610,000 810,000 Calculate for each of 2021 and 2020 the following ratios: (Round receivables turnover and Inventory turnover to 1 decimal place, e.g. 52.6. Round colle days sales in inventory and operating cycle to o decimal places, e.g. 125. Use 365 days for calculation.) 2021 2020 Receivables turnover times times Collection period days days Inventory turnover times Days sales in inventory days days Operating cycle days days times
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