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The following information has been obtained on Alberta Drilling Company for 2019. 2019 Sales Accounts receivable $135,000 $25,000 $15,000 $1,100,000 Inventory Fixed assets The inventory
The following information has been obtained on Alberta Drilling Company for 2019. 2019 Sales Accounts receivable $135,000 $25,000 $15,000 $1,100,000 Inventory Fixed assets The inventory turnover and average day's sales in inventory for Alberta Drilling Company are: Inventory turnover: 9.00; Average days sales in inventory: 40.56 days O Inventory turnover: 67.59; Average days sales in inventory: 5.40 days O Inventory turnover: 5.40; Average days sales in inventory: 67.59 days Inventory turnover: 40.56; Average days sales in inventory: 9.00 days
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