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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