The inventory and sales data for this year for G. Rabbit Company are as follows:

Required
Using the above data from G. Rabbit Company, compute the following:
a. The accounts receivable turnover in days
b. The inventory turnover in days
c. The operatingcycle

Transcribed Image Text:

End of Yer Beginning of Year Net sales Gross receivables Inventory Cost of goods sold $3,150,000 180,000 480,000 2,250,000 S160,000 390,000