Question: please also answer 9 8. Using the following select financial statement information from Black Water Industries, compute the accounts receivable turnover ratios for 2018 and
8. Using the following select financial statement information from Black Water Industries, compute the accounts receivable turnover ratios for 2018 and 2019 (round answers to two decimal places). Year BLACK WATER INDUSTRIES Net Credit Sales Ending Accounts Recevable $685,430 $330,250 700,290 360,450 768,500 401,650 2017 2018 2019 2018 AR Turnover Ratio - 4 times 2019 AR Turnover Ratio = 4 times 2018 AR Turnover Ratio - 3 times 2019 AR Turnover Ratio = 3 times 2018 AR Turnover Ratio = 2.03 times 2019 AR Turnover Ratio = 2.02 times 2018 AR Turnover Ratio = 1.03 times 2019 AR Turnover Ratio - 1.02 times 9. Using the following select financial statement information from Black Water Industries as well as the answer to question 8, compute the number of days' sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). Year BLACK WATER INDUSTRIES Net Credit Sales Ending Accounts Receivable $685,430 $330,250 700,290 360,450 768,500 401,650 2017 2018 2019 O 2018 Number of days' sales in receivables ratio = 1.94 times 2019 Number of days' sales in receivables ratio = 1.91 times O 2018 Number of days' sales in receivables ratio = 354.36 days 2019 Number of days' sales in receivables ratio = 357.84 days 2018 Number of days' sales in receivables ratio = 0.51 times 2019 Number of days' sales in receivables ratio = 0.52 times 2018 Number of days' sales in receivables ratio - 179.80 days 2019 Number of days' sales in receivables ratio = 180.69 days
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