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The following information was available for the year ended December 31, 2016: Net sales Cost of goods sold Average accounts receivable for the year Accounts

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The following information was available for the year ended December 31, 2016: Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average Inventory for the year Inventory at year-end $ 876,000 613,200 40,275 28,800 178,000 157,900 Required: a. Calculate the inventory tumover for 2016. (Round your answer to 2 decimal places.) Inventory turnover times b. Calculate the number of days' sales in inventory for 2016, using year-end inventories (Use 365 days a year. Round your answer to 1 decimal place.) Number of days sales in Inventory days c. Calculate the accounts receivable turnover for 2016. (Round your answer to 1 decimal place.) coreovable umove t imes

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