Question: Analyzing Asset Management Effectiveness. Presented below are selected financial data from The Boeing Company 2018 annual report. (amounts in millions) 2018 2017 Balance sheet Accounts

Analyzing Asset Management Effectiveness. Presented below are selected financial data from The Boeing Company 2018 annual report. (amounts in millions) 2018 2017 Balance sheet Accounts receivable (net) $13,904 $11.088 Inventory 62.567 61,388 Income statement Net sales $101.127 594,005 81,421 76.542 Cost of goods sold Using the ratio definitions from Exhibit 4.6, calculate the following ratios: receivable turnover, receivable collection period, inventory turnover, and the inventory-on-hand period. Evaluate the company's receivable and inventory asset management effectiveness Round all answers to two decimal places, 2017 2018 Receivable turnover 0 times 0 times Receivable collection period 0 days 0 days Inventory turnover 0 times 0 times Inventory-on-hand period 0 days 0 days
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