Turnover rate indicators. Reading material see Activity measures chapter $11.$ Exhibit $11-1$ and $11-2$

The table here shows information pertaining to the financial year that ended on $31\mathrm{.}12\mathrm{.}2023.$ Amounts in $$

and without VAT:

Income $($net sales$)365,000$

Cost of goods sold $292,000$

Average balance of trade receivables over the year $14,600$

Accounts receivable at the end of the year $16,000$

Average inventory level over the year $73,000$

Inventory at the end of the year $78,400$

a$)$ Calculate the inventory turnover rate for the year

b$)$ What will be the number of days in inventory based on the inventory status at the end of the year and cost price sold

product per day on average?

c$)$ Calculate the turnover rate of trade receivables during the year

d$)$ What will be the number of days in accounts receivable based on the balance of accounts receivable at the end of the year and

average daily income?