Selected balance sheet and income statement information follows for R.A. Corporation.

R.A. Corporation
$ millions	April 2, 2020	March 28, 2019
Income statement information:
Sales	$13,737	$14,902
Cost of goods sold	6,436	6,484
Balance sheet information:
Accounts receivable, gross	1,542	1,812
Inventory	2,250	2,084
Accounts payable	317	420

Required

Compute the following ratios for its fiscal year ended April 2, 2020.

• Enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.

a. Accounts receivable turnover
b. Average days to collect receivables
c. Inventory turnover
d. Average days in inventory
e. Accounts payable turnover
f. Average days payable outstanding
g. Cash conversion cycle

Answer rating: 100% (QA)

Answer 8 b C d e f E Accounts receivable turnover Average days to collect receivables Inventory tumo... View the full answer