Compute the following:

Average Days Sales in Receivables.
Percentage Change in Cost of Goods Sold.
Percentage Change in Inventories.
Inventory as a Percent of Sales.
Percentage Change in Accounts Payable.

 

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Sales Cost of Sales Finished Goods Inventory (Approx. 250 million ft.) Copper Rod Inventory (Approx. 5.5 million lbs.) Plastics Inventory (Approx. 1 million lbs.) Accounts Payable (for Inv. purchases) Days Purchases in A/P Days Sales in Receivables Market Price of Insulated Wire (per foot) Market Price of Copper Rod (per lb.) Market Price of Plastics (per lb.) 2018 $8,450,000 $6,242,500 $1,654,500 $2,625,000 $ 224,500 $450,000 43.6 days 56.3 days $ 0.008 $ 0.480 $ 0.120 2017 $8,150,000 $6,080,000 $1,175,500 $1,650,000 $ 182,000 $425,000 44.2 days 48.4 days $ 0.009 $ 0.480 $ 0.190 Sales Cost of Sales Finished Goods Inventory (Approx. 250 million ft.) Copper Rod Inventory (Approx. 5.5 million lbs.) Plastics Inventory (Approx. 1 million lbs.) Accounts Payable (for Inv. purchases) Days Purchases in A/P Days Sales in Receivables Market Price of Insulated Wire (per foot) Market Price of Copper Rod (per lb.) Market Price of Plastics (per lb.) 2018 $8,450,000 $6,242,500 $1,654,500 $2,625,000 $ 224,500 $450,000 43.6 days 56.3 days $ 0.008 $ 0.480 $ 0.120 2017 $8,150,000 $6,080,000 $1,175,500 $1,650,000 $ 182,000 $425,000 44.2 days 48.4 days $ 0.009 $ 0.480 $ 0.190

Answer rating: 100% (QA)

To compute the requested values well use the data provided for the years 2017 and 2018 1 Average Day... View the full answer