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ACC 205 Week 5 Exercise 2 Computation and evaluation of activity ratios (Updated)

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Product Description

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

20X5 20X4

Net credit sales $832,000 $760,000

Cost of goods sold 530,000 400,000

Cash, Dec. 31 125,000 110,000

Accounts receivable, Dec. 31 205,000 156,000

Average Inventory, Dec. 31 70,000 50,000

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

Instructions

a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all

calculations to two decimal places

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