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What is the inventory turnover

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-J Company's net accounts receivable were500,000 at December 31, 2019 and 600,000 at December 31, 2020. Net cash sales were 200,000. The accounts receivable turnover for 2020 was 5 times. What was the total net sales for 2020?

-On January 1, 2020, the Topnotcher Company'sbeginning inventory was 400,000. During 2020, the ending inventory was 500,000. Purchases during 2019 amounted to 1,900,000. What is the inventory turnover for 2019?

Reference no: EM132979362

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