Calculate the below measures of financial turnover for the year 20X3:

 (1) Inventory turnover and

 (2) Accounts receivable turnover. 

Assume that:

 (1) revenue consists entirely of net credit sales,

 (2) the 20X3 year-end inventory balance represents average inventory, and

 (3) the 20X3 year-end balance of accounts receivable represents the average. of accounts receivable. 

Calculate the turnover measures in number of shifts and in number of days.

Weaver Corporation Financial Statements

http://my.uopeople.edu/pluginfile.php/114339/mod_workshop/instructauthors/0/WeaverCorporationAssignment.pdf

Answer rating: 100% (QA)

Answer To calculate the inventory turnover and accounts receivable turnover for Weaver Corporation for the year 20X3 we need to use the following formulas Inventory Turnover Cost of Goods Sold Average ... View the full answer