Question: Selected financial statement numbers for Rutherford Company follow. Required: 1. Using this information, calculate Rutherfords receivable turnover ratio (rounded to two decimal places.) 2. Using

Selected financial statement numbers for Rutherford Company follow.

Required:
1. Using this information, calculate Rutherford€™s receivable turnover ratio (rounded to two decimal places.)
2. Using this information, calculate Rutherford€™s asset turnover ratio (rounded to two decimal places) and also convert the ratio into days (rounded to the nearest whole day).

Net sales Cost of goods sold Avarage accounts recaivable $277,480 Average inventory 179,000 20,730 Average property, plant, and equipment Average total assets $4,145 75,705 126,127

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