The following information was extracted from a balance of WZX limited

Item beginning ending point average
Inventory 2000 3000 2500
Account receivable 1600 2000 1600
Account payable 750 1000 875
Additional information;
Net sales as given by the company’s income statement amounts to 11500 while cost of goods sold amounted to 8200.
Required;
a. Compute inventory turnover
b.Inventory period
c.Receivable turnover
d.Receivable period

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Answer aInventory turnover cost ... View the full answer