The Metro 2021 income statement and balance sheet fallows. (Click the icon lo viaw the assets rection of the balance sheet,) (Click the icon to viaw the Hiabidies and slockhoilers' equity sectons of the balance sheot) (Click the icon to vien the income stalement.) Reod the cequrements. a. Use the income statement and the balance sheet to calculate Metro's rate of impentory turnover and deys' inventary outstanding for 2021. Begin by selecting the formula and then enter the amounts to calculate inventory fumover, (Enter currency ansounts in millons as given in the questont. Round the inmeriory tumorer to twe decimi places, X1 ) Requirements Use the income statement and the belance sheet to calculate the fellowing: a. Motro's rate of inventory tumover and days' inventory outstanding for 2021. b. Days' sales in awerage recelvables (days' sa'es cutstanding) durng 2021 (round dollar c. Accounts payoble turnover and days' payables cutstanding for 2021. For this purpose, assume that the impact of irwontorios on cost of gocds sold. is immaterial, stiowing d. Length of cash conversion cycle in days for 2021 Do these measures bok strong or weak? Give the reason for your arower. Data table =x Data table Data table Data table Data table Data table The Metro 2021 income statement and balance sheet fallows. (Click the icon lo viaw the assets rection of the balance sheet,) (Click the icon to viaw the Hiabidies and slockhoilers' equity sectons of the balance sheot) (Click the icon to vien the income stalement.) Reod the cequrements. a. Use the income statement and the balance sheet to calculate Metro's rate of impentory turnover and deys' inventary outstanding for 2021. Begin by selecting the formula and then enter the amounts to calculate inventory fumover, (Enter currency ansounts in millons as given in the questont. Round the inmeriory tumorer to twe decimi places, X1 ) Requirements Use the income statement and the belance sheet to calculate the fellowing: a. Motro's rate of inventory tumover and days' inventory outstanding for 2021. b. Days' sales in awerage recelvables (days' sa'es cutstanding) durng 2021 (round dollar c. Accounts payoble turnover and days' payables cutstanding for 2021. For this purpose, assume that the impact of irwontorios on cost of gocds sold. is immaterial, stiowing d. Length of cash conversion cycle in days for 2021 Do these measures bok strong or weak? Give the reason for your arower. Data table =x Data table Data table Data table Data table Data table
