The following information was available for the year ended December 31, 2016: Net sales $ 438,000 Cost of goods sold 350,400 Average accounts receivable for the year 29,200 Accounts receivable at year-end 33,600 Average inventory for the year 116,800 Inventory at year-end 110,400

Required: (show all work)

(a.) Calculate the inventory turnover for 2016.

(b.) Calculate the number of days' sales in inventory for 2016, using year-end inventories.

(c.) Calculate the accounts receivable turnover for 2016.

(d.) Calculate the number of days' sales in accounts receivable for 2016, using year-end accounts receivable.

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 $438,000 350,400 29,200 33,600 116,800 110,400