ACC 205 Week 5 Exercise 2 Computation and evaluation of activity ratios
- 1.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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