Question: 1 Compute the inventory turnover days sales in inventory and

1. Compute the inventory turnover, days’ sales in inventory, and gross profit ­percentage for Win’s Companies for 2015.
2. Compute days’ sales in receivables during 2015. Round dollar amounts to three decimal places. Assume all sales were on account.
3. What do these ratios say about Win’s Companies’ ability to sell inventory and collect receivables?

Win’s Companies, a home improvement store chain, reported the following ­summarized figures:

Win’s has 500,000 common shares outstanding during2015.

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  • CreatedJanuary 16, 2015
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