Refer to the Nabisco Company information in Exercise 13-6. The company's income statements for the years ended

Question:

Refer to the Nabisco Company information in Exercise 13-6. The company's income statements for the years ended December 31, 2010 and 2009, follow. Assume that all sales are on credit and then compute:

(1) Days' sales uncollected,

(2) Accounts receivable turnover,

(3) Inventory turnover, and

(4) Days' sales in inventory. Comment on the changes in the ratios from 2009 to 2010. (Round amounts to onedecimal.)

Refer to the Nabisco Company information in Exercise 13-6. The

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...