Procter Gamble Co wants to assess its efficiency using various ratios The following information is available Cost of Goods Sold $400,000 Average Inventory $50,000 Net Credit Sales $600,000 Average Accounts Receivable $80,000 Purchases $200,000 Average Accounts Payable $40,000 Calculate the following efficiency ratios for Procter Gamble Co a) Inventory Turnover Ratio b) Accounts Receivable Turnover Ratio c) Accounts Payable Turnover Ratio

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Question: Procter & Gamble Co wants to assess its efficiency using various ratios. The following information is available: Cost of Goods Sold: $400,000 Average Inventory: $50,000

Procter & Gamble Co wants to assess its efficiency using various ratios. The following information is available:

Cost of Goods Sold: $400,000
Average Inventory: $50,000
Net Credit Sales: $600,000
Average Accounts Receivable: $80,000
Purchases: $200,000
Average Accounts Payable: $40,000

Calculate the following efficiency ratios for Procter & Gamble Co: a) Inventory Turnover Ratio b) Accounts Receivable Turnover Ratio c) Accounts Payable Turnover Ratio

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