Reference no: EM132581304

For questions that require numerical solutions please submit your answer to four decimal points. Friendly suggestion, usually compute the solutions using excel so wait until the final step to round any numerical solutions.

                                                                   2019                    2018                 2017

Current Assets                                 $14,000              $12,000           $10,000

Cash

Accounts Receivable, net                     $28,000              $18,000           $15,000

Inventory                                        $35,000              $22,500            $18,750

Total Current Assets                               $77,000           $52,000           $43,750

Plant & Equipment, net                           $40,000            $60,000           $62,000

Total Assets                                         $117,000             $112,000         105,750

Revenue                                               230,000                  200,000        230,000

Cost of Goods Sold                                 138,000                   120,000        108,000

Problem 1: What is the Accounting Receivable Turnover for 2019?

Problem 2: What is the Inventory Turnover for 2018?