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4 homework questions, Help !

Brief Exercise 18-11 al-a2 The following data are taken from the financial statements of Colby Company. 2019 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 2020 $555,000 4,033,250 $550,000 3,065,250 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $455,000. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Accounts receivable turnover times times LINK TO TEXT Compute for each year the average collection period. At the end of 2018, accounts receivable was $455,000. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Average collection period days days Brief Exercise 18-11 b (Essay) The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 2020 $550,000 4,300,000 2018 $540,000 4,000,000 2020 2019 Accounts Receivable turnover 7.9 times 7.5 times Average collection period 46.2 days 48.7 days (b) What conclusions about the management of accounts receivable can be drawn from the accounts receivable turnover and the average collections period. The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6,330,000 940,000 4,392,000 1,020,000 $6,160,000 885,000 4,617,500 940,000 Your answer is partially correct. Try again. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover 4.4 times 5.09 . times LINK TO TEXT x Your answer is incorrect. Try again. Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory 83.97 71.71 days days The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue Beginning inventory Purchases Ending inventory $6,330,000 940,000 4,392,000 1,020,000 $6,160,000 885,000 4,617,500 940,000 Your answer is partially correct. Try again. Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover 4.4 times 5.09 . times LINK TO TEXT x Your answer is incorrect. Try again. Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory 83.97 71.71 days days