For questions that require numerical solutions please submit your answer to four decimal points. Friendly suggestion, I usually compute the solutions using excel so wait until the final step to round any numerical solutions.

Questions 8 and 9 are based on the following:

2019 2018 2017

Current Assets $14,000 $12,000 $10,000

Cash

Accounts Receivable, net $28,000 $18,000 $15,000

Inventory $35,000 $22,500 $18,750

Total Current Assets $77,000 $52,000 $43,750

Plant & Equipment, net $40,000 $60,000 $62,000

Total Assets $117,000 $112,000 $105,750

Revenue 230,000 200,000 230,000

Cost of Goods Sold 138,000 120,000 108,000

Question 8: What is the Accounting Receivable Turnover for 2019?

Question 9: What is the Inventory Turnover for 2018?