Compute accounts receivable and inventory turnover ratio

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Reference no: EM13197732

Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc:

	19X5		19X4
Net credit sales	$832,000	$760,000
Cost of goods sold	440,000	350,000
Cash, Dec. 31	125,000	110,000
Average Accounts receivable	180,000	140,000
Average Inventory	70,000	50,000
Accounts payable, Dec. 31	115,000	108,000

Compute the accounts receivable and inventory turnover ratios for 19X5. Alaska rounds all calculations to two decimal places.

Reference no: EM13197732

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