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Calculate the inventory turnover period in days

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Question - You have started a business and after the first year of operations your accountant has provided you with the following figures in $:

Cash at bank -342

Inventory 23000

Accounts receivable 9000

Other current assets 5100

Non-current assets 19846

Accounts payable -

Accrued expenses 300

2-year Loan 10000

Owner's contribution 44750

Net credit sales 18000

Cost of goods sold 12500

Operating expenses 3946

Required - Calculate the following to two decimal places

a) Working capital.

b) Current ratio.

c) Quick Ratio.

D) Inventory turnover period in days.

e) Accounts receivable turnover period in days.

Reference no: EM132563074

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