Calculate average days to sell inventory for 2 0 2 0 . ( Round answer to
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Calculate average days to sell inventory for Round answer to decimal places, eg Use days for calculation.
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Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Assets Crane Medical Comparative Balance Sheet As of December 31 2020 2019 Current assets Cash $395,000 $417.500 Accounts receivable, net 1,044,000 776.450 Inventory 717,000 681,100 Other current assets 381,300 247,000 Total current assets 2,537,300 2,122,050 Property, plant, & equipment, net 8,706,025 8.439.980 Total assets $11.243.325 $10,562,030 Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Assets Crane Medical Comparative Balance Sheet As of December 31 2020 2019 Current assets Cash $395,000 $417.500 Accounts receivable, net 1,044,000 776.450 Inventory 717,000 681,100 Other current assets 381,300 247,000 Total current assets 2,537,300 2,122,050 Property, plant, & equipment, net 8,706,025 8.439.980 Total assets $11.243.325 $10,562,030
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