Question: Need help for all parts Data table Use the income statement and the balance sheet to calculate the following: a. Colvin's rate of inventory turnover

 Need help for all parts Data table Use the income statementand the balance sheet to calculate the following: a. Colvin's rate ofinventory turnover and days' inventory outstanding for 2021. b. Days' sales in

average receivables (days' sales outstanding) during 2021 (round dollar amounts to one

Need help for all parts

Data table Use the income statement and the balance sheet to calculate the following: a. Colvin's rate of inventory turnover and days' inventory outstanding for 2021. b. Days' sales in average receivables (days' sales outstanding) during 2021 (round dollar amounts to one decimal place). Assume all sales are made on account. c. Accounts payable turnover and days' payables outstanding for 2021 . For this purpose, assume that the impact of inventories on cost of goods sold is immaterial, allowing you to use cost of goods sold rather than purchase in your computations. d. Length of cash conversion cycle in days for 2021. Do these measures look strong or weak? Give the reason for your answer. Data table

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