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Question 5 Not complete Marked out of 2.00 Flag question Accounts Receivable and Inventory Ratios Bell Company had the following current assets at year-end: Cash
Question 5 Not complete Marked out of 2.00 Flag question Accounts Receivable and Inventory Ratios Bell Company had the following current assets at year-end: Cash Short-term investments Accounts receivable (net) Inventory Prepaid expenses Current assets $65,250 111,150 382,500 450,000 26,100 $1,035,000 The company had net sales for the year of $2,115,000 and cost of goods sold of $1,292,500. At the beginning of the year, Bell's accounts receivable (net) were $368,000 and its Inventory was $448,500. a. What is the company's accounts receivable turnover for the year? (Round to two decimal places. O w b. What is the company's average collection period for the year? (Round to one decimal place.) 0 What is the company's inventory turnover for the year? (Round to two decimal places. O d. What is the company's days' sales In Inventory for the year? (Round to one decimal place.) O Check
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