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Waters Department Store had cash sales of $3.360.000, net credit sales of $7.750.000 and cost of sales of $6.930,000 for the year. The ending inventory
Waters Department Store had cash sales of $3.360.000, net credit sales of $7.750.000 and cost of sales of $6.930,000 for the year. The ending inventory for the year amounted to $180,000 while it started at $270,000. Also, the company's receivables decreased from $720,000 to $890,000 30.80 Inventory turnover (no need to put "times" or "X", answer with 2 decimals e.g., 2.57) 9.63 Receivables turnover (no need to put "times" or "x", answer with 2 decimals e.g., 2.57) 12 Days inventory outstanding (no need to put "days", round off to whole number - no decimal, assume 365 days) 42 Days sales outstanding (no need to put "days", round off to whole number - no decimal assume 365 days) 38 Days sales outstanding assuming receivables were all collected at yearend? same format as cand d $189.863 How much should be the ending inventory to get a DIO of 10 days? (use $ sign and proper currency format, e.g. $xxx,xxx)
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