Hootman Shipping has sales of $950,000 and cost of goods sold of $580,200. At the beginning...

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Hootman Shipping has sales of $950,000 and cost of goods sold of $580,200. At the beginning of the year, the inventory was $62,500. At the end of the year, the inventory balance was $60,800. What is the inventory turnover rate? (Assume a 365-day year) TCI Air Freight has sales of $624,500, costs of goods sold of $325,000, average accounts receivable of $55,900, and average accounts payable of $21,600. How long does it take for the firm's credit customers to pay for their purchases? (Assume a 365-day year) Hudson Enterprises has sales of $1,040,000, average accounts receivable of $71,400 and average accounts payable of $35,920. The cost of goods sold is equivalent to 66% of sales. How long does it take Hudson to pay its suppliers? (Assume a 365-day year) Hootman Shipping has sales of $950,000 and cost of goods sold of $580,200. At the beginning of the year, the inventory was $62,500. At the end of the year, the inventory balance was $60,800. What is the inventory turnover rate? (Assume a 365-day year) TCI Air Freight has sales of $624,500, costs of goods sold of $325,000, average accounts receivable of $55,900, and average accounts payable of $21,600. How long does it take for the firm's credit customers to pay for their purchases? (Assume a 365-day year) Hudson Enterprises has sales of $1,040,000, average accounts receivable of $71,400 and average accounts payable of $35,920. The cost of goods sold is equivalent to 66% of sales. How long does it take Hudson to pay its suppliers? (Assume a 365-day year)

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