Business
Business, 29.01.2021 16:40, kohat485

Cartwright's, a home-improvement store chain, reported these summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.)
Compute the following:
a. The rate of inventory turnover for .
b. Days' sales in average receivables during . Assume all sales are on credit.
a. Compute the rate of inventory turnover for . First enter the formula, then compute the inventory turnover for . (Round your answer to two decimal places.) Cost of goods sold / Average inventory = Inventory turnover $21,766,030 / $4,433,000 = 4.91
b. Compute the days' sales in average receivables during . Enter the formula, then compute the days' sales in average receivables during .
(Round your answer to two decimal places.)

answer
Answers: 3

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Cartwright's, a home-improvement store chain, reported these summarized figures: (Click the icon to...

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