Reference no: EM132581309
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
Average Accounts Receivable $200,000 $250,000
Average Inventory 168,000 200,000
Revenue $2,400,000 $2,250,000
Cost of Goods Sold $1,680,000 $1,575,000
Problem 1: What is the average collection period for 2019?
Problem 2: What is the average days to sell inventory for 2018?
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