Question

1. Compute the inventory turnover, days’ sales in inventory, and gross profit percentage for Shine’s Companies for 2016.
2. Compute days’ sales in receivables during 2016. Round dollar amounts to three decimal places. Assume all sales were on account.
3. What do these ratios say about Shine’s Companies’ ability to sell inventory and collect receivables?
Shine’s Companies, a home improvement store chain, reported the following summarized figures:


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  • CreatedJune 15, 2015
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