Task 1. current assets are 100,000 ; Courem lisbilities ate 50,000 , Inventory 60,000 and cank 15,000. (a) What should the inventory be if management wants the inventory turnever to bie 5 ? (b) (b) How quickly (in how many days) should accounts receivable be collected M mannement. wants to invest an average of 50,0007 (Lei's wy there ate 360 days in a year). 1. 120000;65 days 2. 90000,18 days 3. 60000;55 days 4. 70000;35 days 3. Turnover of total asseta a. 19;0.34;2.74 b. 7.17;0.34:2.74 c. 19,0,45,2.74 d. None of the answern are correct Task 3 During the past year, the company had sales (all credit) of $1,834,800 and cost of goods wold of $1,518,000. At the beginning of the year, accounts receivable were $800,000, and inventories were $400,000. Demands equaled $868,000, while supplies equaled $520,000. Find: 1. Stock turnover for the year 2. Accounts receivable turnover ratio for the year (note, use averages in calculations) A. 3.3;2.2 b. 5.0,10.0 c. 3.3;2.5 d. None of the answers are correct