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Bramble Piping Company manufactures PVC pipe. The company has provided the following selected financial information: 2020 2021 Accounts receivable $95,000 $75,000 Inventory 105,000 95,000 Total
Bramble Piping Company manufactures PVC pipe. The company has provided the following selected financial information: 2020 2021 Accounts receivable $95,000 $75,000 Inventory 105,000 95,000 Total current assets 245,000 275,000 Total assets 605.000 485,000 Current liabilities 65,000 55,000 Total liabilities 175,000 231,830 Net credit sales 385,000 445,000 Cost of goods sold 295,000 340,000 Net income 81,000 87,000 Your answer is correct. What is Bramble' average days to sell inventory for 2021? (Round answer to 1 decimal place, e.g. 52.7.) (a) Your answer is correct. What is Bramble' average days to sell inventory for 2021? (Round answer to 1 decimal place, e.g. 52.7.) Sell inventory 107.4 days eTextbook and Media * Your answer is incorrect. What is Bramble' debt ratio for 2021? (Round answer to 2 decimal places, e.g. 52.75.) Debt ratio 28.92 % eTextbook and Media Save for Later (b) Attempts: 1 of 3 used Submit Answer Attempts: 2 of 3 used
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