Use the following information to answer items 8 - 11: For its most recent year a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the beginning of the year, its Accounts Receivable were $80,000 and its Inventory was $100,000. At the end of the year, its Accounts Receivable were $86,000 and its Inventory was $110,000. Page 1 of 3 Cash and Investment Decision MGT 159 In Class Math Practice (Time 45 Minutes) 8. The inventory turnover ratio for the year was a. 4.8 b. 5.0 c. 7.9 9. The accounts receivable turnover ratio for the year was a. 6.3 b. 7.5 c. 10.0 10. On average how many days of sales were in Accounts Receivable during the year? a.27 b. 37 C. 49 11.On average how many days of sales were in Inventory during the year? a. 14 b. 46 c. 73

Use the following information to answer items 8-11: For its most recent year a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the beginning of the year, its Accounts Receivable were $80,000 and its Inventory was $100,000. At the end of the year, its Accounts Receivable were $86,000 and its inventory was $110,000. Page 1 of 3 Cash and Investment Decision MGT 159 In Class Math Practice (Time 45 Minutes) 8. The inventory turnover ratio for the year was a. 4.8 b. 5.0 c. 7.9 9. The accounts receivable turnover ratio for the year was a. 6.3 b. 7.5 c. 10,0 10. On average how many days of sales were in Accounts Receivable during the year? a. 27 b. 37 c. 49 11.On average how many days of sales were in Inventory during the year? a. 14 b. 46 c. 73 Use the following information to answer items 8-11: For its most recent year a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the beginning of the year, its Accounts Receivable were $80,000 and its Inventory was $100,000. At the end of the year, its Accounts Receivable were $86,000 and its inventory was $110,000. Page 1 of 3 Cash and Investment Decision MGT 159 In Class Math Practice (Time 45 Minutes) 8. The inventory turnover ratio for the year was a. 4.8 b. 5.0 c. 7.9 9. The accounts receivable turnover ratio for the year was a. 6.3 b. 7.5 c. 10,0 10. On average how many days of sales were in Accounts Receivable during the year? a. 27 b. 37 c. 49 11.On average how many days of sales were in Inventory during the year? a. 14 b. 46 c. 73