Question: Questions for accounting 101. Hope you can explain it. Problem 8-11A (Part Level Submission) The following selected ratios are available for Marx Pets Inc. for
Questions for accounting 101. Hope you can explain it.

Problem 8-11A (Part Level Submission) The following selected ratios are available for Marx Pets Inc. for the most recent three years: 2018 2017 2016 Current ratio 2.7 :1 2.5 :1 2.3 :1 Receivables turnover 8.9 times 8.2 times 7.5 times Inventory turnover 10.7 times 9.3 times 8.2 times v (a) Calculate the average collection period and days in inventory for each year. (Round answers to 0 decimal places, e.g. 5,275. Use 365 days for calculation.) 2018 2017 2016 Average collection period days days days Days in inventory days days days
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