Question: Computing Activity Ratios The following amounts are summarized from information included in a company's 2020 annual report ($ millions). Account 2020 Sales $21,852 Cost of
Computing Activity Ratios
The following amounts are summarized from information included in a company's 2020 annual report ($ millions).
| Account | 2020 |
|---|---|
| Sales | $21,852 |
| Cost of goods sold | 13,663 |
| Accounts receivable, average balance | 283 |
| Inventory, average balance | 631 |
| Accounts payable, average balance | 409
|
Enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.
| a. Accounts receivable turnover | |
| b. Average days to collect receivables | |
| c. Inventory turnover | |
| d. Average days in inventory | |
| e. Accounts payable turnover | |
| f. Average days payable outstanding | |
| g. Cash conversion cycle |
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