The following information was available for the year ended December 31, 2016:

The following information was available for the year ended December 31, 2016:

Net sales = $365,000

Cost of goods sold = 292,000

Average accounts receivable for the year = 14,600

Accounts receivable at year-end = 16,000

Average inventory for the year = 73,000

Inventory at year-end = 78,400

Required:

a. Calculate the inventory turnover for 2016

b. Calculate the number of days’ sales in inventory for 2016, using year-end inventories

c. Calculate the accounts receivable turnover for 2016

d. Calculate the number of days’ sales in accounts receivable for 2016, using year-end accounts receivable

Net SalesCOGSAvg ARAR year endAvg InventoryInventory yearend 36500029200014600160007300078400 Required:abcd 4 times98 days25 times16 days

Show more







Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10