Question: Use the below information for Question 1 ABC Corporation reports Sales Revenue of $8,000,000 for Year 2, and Sales Revenue of $6,400,000 for Year 1.

Use the below information for Question 1 ABC Corporation reports Sales Revenue of $8,000,000 for Year 2, and Sales Revenue of $6,400,000 for Year 1. COGS for the Year 2 is 30% of the Sales Revenue, and 50% of the Sales Revenue in Year 1. Accounts receivable Inventory Accounts payable Year 1 $ 150.000 900.000 1.100.000 Year 2 $ 170,000 1.000.000 1.200.000 Which of the following shows the Accounts Receivable Turnover for Year 2 and Year 1, respectively O a 47.06 - 42.67 Ob 16.00 - 18.82 O c. 8.89 -6.40 od 53 33 - 37.65 Use the below information for Question 2 ABC Corporation reports Sales Revenue of $8,000,000 for Year 2, and Sales Revenue of $6,400,000 for Year 1. COGS for the Year 2 is 30% of the Sales Revenue, and 50% of the Sales Revenue in Year 1. Accounts receivable Inventory Accounts payable Year 1 $ 150,000 900.000 1.100.000 Year 2 $ 170.000 1,000,000 1.200,000 Which of the following shows the Days in Inventory for Year 2 and Year 1, respectively? a140 - 163 O b. 150 - 10125 Oc135 - 112.5 O d. 124 -168
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