Question: Current Attempt in Progress The 2020 and 2021 partial balance sheets for Wildhorse Manufacturing Company appear below along with selected financial information: 2020 2021
Current Attempt in Progress The 2020 and 2021 partial balance sheets for Wildhorse Manufacturing Company appear below along with selected financial information: 2020 2021 Current Assets Cash $27,000 $26,000 Accounts receivable,net 32,000 30,000 Inventory 41,000 45,000 Total current assets 100,000 101,000 Plant & equipment, net 71,000 $1,000 Total assets 171.000 152.000 Net credit sales $141,000 $132,060 Cost of goods sold 110,000 91,160 Gross profit $31,000 $40,900 (a) Calculate Wildhorse's inventory turnover and average days to sell inventory for 2021. (Round Inventory turnover to 2 decimal places, eg. 52.75 and average days to sell inventory to 1 decimal place, eg. 52.1.) Inventory turnover Average days to sell inventory eTextbook and Media Save for Later 2021 times per year days Attempts: 0 of 3 used Sub G Q +
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