Selected information taken from the accounting records of XYZ Company follows: Net accounts receivable at December 31, 20X0 Net accounts receivable at December 31, 20X1 Accounts receivable turnover Inventories at December 31, 20X0 Inventories at December 31, 20X1 Inventory turnover $900,000 $1,000,000 7 to 1 $1,100,000 $ 1,200,000 5 to 1

Selected information taken from the accounting records of XYZ Company follows: Selected information taken from the accounting records of XYZ Company follows