Compute the inventory turnover and gross profit percentage

Reference no: EM131820608

Problem: Computing inventory, gross profit, and receivables ratios

Requirements: 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Accel's Companies for 2016.

2. Compute days' sales in receivables during 2016. Round dollar amounts to three decimal places. Assume all sales were on account.

3. What do these ratios say about Accel's Companies' ability to sell inventory and collect receivables?

Reference no: EM131820608

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