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Selected balance sheet and income statement information follows for R.A. Corporation. R.A. Corporation $ millions April 2, 2020 March 28, 2019 Income statement information: Sales

Selected balance sheet and income statement information follows for R.A. Corporation.

R.A. Corporation
$ millions April 2, 2020 March 28, 2019
Income statement information:
Sales $13,737 $14,902
Cost of goods sold 6,436 6,484
Balance sheet information:
Accounts receivable, gross 1,542 1,812
Inventory 2,250 2,084
Accounts payable 317 420

Required

Compute the following ratios for its fiscal year ended April 2, 2020.

  • Enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.
a. Accounts receivable turnover
b. Average days to collect receivables
c. Inventory turnover
d. Average days in inventory
e. Accounts payable turnover
f. Average days payable outstanding
g. Cash conversion cycle

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