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The following information for XYZ Company is given: (2 marks) 2 points 2019 Sales Cost of goods sold Accounts receivable 3,660,000 1,645,000 3,275,000 2,420,000 3,110,000

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The following information for XYZ Company is given: (2 marks) 2 points 2019 Sales Cost of goods sold Accounts receivable 3,660,000 1,645,000 3,275,000 2,420,000 3,110,000 2,540,000 4,125,000 3,000,000 Inventory Required: Calculate the Inventory turnover ratio, Accounts Receivable turnover and Day's Sales in receivable for 2018 and 2019. SHOW YOUR CALCULATIONS IN TH ANSWER AREA BELOW

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