(Answered) Question - computation and evaluation of activity ratios

Accounting

Question - Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc:

19X5 19X4

Net credit sales $832,000 $760,000

Cost of goods sold 440,000 350,000

Cash, Dec. 31 125,000 110,000

Average Accounts receivable 180,000 140,000

Average Inventory 70,000 50,000

Accounts payable, Dec. 31 115,000 108,000

Compute the accounts receivable and inventory turnover ratios for 19X5. Alaska rounds all calculations to two decimal places.

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