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What was the number of days sales

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Question - Selected information from the accounting records of Kyle J Corp. is as follows:

Net accounts receivable on December 31, 2019 900,000

Net accounts receivable on December 31, 2020 1,000,000

AR Turnover 5 times

Inventory on Decemner 31, 2019 1,100,000

Inventory on Decemner 31, 2020 1,200,000

Assuming a business year consisting of 300 days, what was the number of days sales in average receivable for 2020 and the number of days sales in average inventories for 2020?

Reference no: EM132977753

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