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Using the information in the chart below, answer questions A and B. Line Items 1 Days in accounts receivable 2 Sales 3 Cost of sales
Using the information in the chart below, answer questions A and B. Line Items 1 Days in accounts receivable 2 Sales 3 Cost of sales 4 Days in inventory Year 2 35 $ 5,475,000 $ 4,182,292 24 Year 3 30 $ 10,000,000 $ 6,060,606 20 A. Compute the amount of inventory for only year 3 [12 points) B. Compute the amount of accounts receivable for only year 2 [12 points)
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