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Selected balance sheet and income statement information follows for the 5-M Company. $ millions 5-M Company Income statement information Sales Cost of goods sold Dec.
Selected balance sheet and income statement information follows for the 5-M Company. $ millions 5-M Company Income statement information Sales Cost of goods sold Dec. 31, 2020 Dec. 31, 2019 Dec. 31, 2018 $121,096 $120,920 $123,484 61,532 64,143 64,424 Balance sheet information Accounts receivable, gross Inventory 16,980 15,595 17,428 14,072 14,824 15,456 Compute the following ratios for the fiscal years ended December 31, 2020, and December 31,.2019. 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 2020 2019 0 0 0 0 0 0 0 0
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