2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 19X5...

 

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2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 19X5 19X4 $832,000 $760,000 440,000 350,000 125,000 110,000 180,000 140,000 Net credit sales Cost of goods sold Cash, Dec. 31 Average Accounts receivable Average Inventory 70,000 50,000 Accounts payable, Dec. 31 115,000 108,000 a. Compute the accounts receivable and inventory turnover ratios for 19X5. Alaska rounds all calculations to two decimal places. 2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 19X5 19X4 $832,000 $760,000 440,000 350,000 125,000 110,000 180,000 140,000 Net credit sales Cost of goods sold Cash, Dec. 31 Average Accounts receivable Average Inventory 70,000 50,000 Accounts payable, Dec. 31 115,000 108,000 a. Compute the accounts receivable and inventory turnover ratios for 19X5. Alaska rounds all calculations to two decimal places.

Answer rating: 100% (QA)

Accounts Receivable Turnover Ratio Cost of Goods Sold Aver... View the full answer