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Use the following information to answer questions (5-9) the following information appear in the statements of the company at Dec 31, 2017 : Sales on

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Use the following information to answer questions (5-9) the following information appear in the statements of the company at Dec 31, 2017 : Sales on account = 52,100 JD Account receivables (net) = 7,650 Allowance for uncollectible accounts = 350 Sales Discount = 650 Sales returns and allowances = 350 Inventory = 8,400 Inventory Turnover = 2.5 5. Average daily sales on account = (3 Points) 143 140 O 145 142 o 6. Days' sales in receivables = on (3 Points) 55.9 55.2 56.3 O 571 7. Account receivable turnover = (3 Points) Activity Chat Teams & Assignments Calendar 7. Account receivable turnover = (3 Points) 6.4 5.8 4.5 4.9 8. Days' Sales in inventory = ) (3 Points) 152 160 146 155 O 9. Operating cycle = 1) (3 Points) O 216.3 203.1 205.2 207.9 Back Next n Activity 99 Chat U Teams Assignments Calend

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