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Snap-On Corp 2019 financial statements include the following: (millions) 2019 Net sales $ 3,500 Accounts receivable 1,250 Inventory 450 Accounts payable 120 a) Forecast accounts

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Snap-On Corp 2019 financial statements include the following: (millions) 2019 Net sales $ 3,500 Accounts receivable 1,250 Inventory 450 Accounts payable 120 a) Forecast accounts receivable. inventory, and accounts payable for 2020 given that sales are expected to grow by 4% in 2020. (9') b) Calculate the accounts receivable turnover ratio for 2020. (3)

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