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The Parts Place, Incorporated claims to be the nation's leading auto parts retailer. It sells replacement auto parts directly to the consumer. Warner Machining
The Parts Place, Incorporated claims to be the nation's leading auto parts retailer. It sells replacement auto parts directly to the consumer. Warner Machining Industries, Incorporated has over 24,000 employees and produces auto mobile parts, such as transmissions and cooling systems, for the world's vehicle manufacturers. The following data were taken from these companies' 2018 and 2019 annual reports. All dollar amounts are in millions. Fiscal Years Ending Warner Machining Industries December Sales The Parts Place August 31, 2019 $ 12,774 31, 2018 Accounts receivable 340 $ 11,830 1,662 Required b. Calculate the accounts receivable turnover ratios for The Parts Place and Warner Machining Industries. (Round your answers to 1 decimal place.) c. Calculate the average days to collect accounts receivable for The Parts Place and Warner Machining Industries. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) b. Accounts receivable turnover C. Average days to collect receivables The Parts Place Warner Machining Industries times times days days
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