The inventory and sales data for this year for G. Rabbit Company are as follows: Required Using

Question:

The inventory and sales data for this year for G. Rabbit Company are as follows:

Required
Using the above data from G. Rabbit Company, compute the following:
a. The accounts receivable turnover in days
b. The inventory turnover in days
c. The operatingcycle

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...