Business
Business, 24.06.2019 15:50, adriandehoyos1p3hpwc

Accounts receivable and inventory turnover the following data (in millions) were adapted from recent financial statements of hp inc. (hpq) formerly hewlett-packard company. year 2 year 1 sales $103,355 $111,454 cost of goods sold 78,596 84,839 operating income 5,471 7,185 average accounts receivable 16,530 17,899 average inventory 6,450 6,231 1. compute the accounts receivable turnover for years 1 and 2. round to one decimal place. accounts receivable turnover year 2 year 1 2. compute the number of days' sales in receivables for years 1 and 2. assume there are 365 days in a year, and round to nearest day. number of days' sales in receivables year 2 days year 1 days 3. compute the inventory turnover for years 1 and 2. round to one decimal place. inventory turnover year 2 year 1 4. compute the number of days' sales in inventory for years 1 and 2. assume there are 365 days in a year, and round to nearest day. number of days' sales in inventory year 2 days year 1 days 5. compute the return on sales for years 1 and 2. round to one decimal place. return on sales year 2 % year 1 % 6. which two ratios remained the same from year 1 to year 2 for hewlett packard?

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