Essay
The following information is available from Avalon,Inc.for the year 2016.
Required: Calculate the following,rounding your answers to one decimal place:
a)Avalon's inventory turnover for 2016.
b)The average number of days to sell inventory for the year.
c)The accounts receivable turnover.
d)The average number of days to collect accounts receivable.
e)Avalon's operating cycle.
f)Avalon's cash flow from sales.
Correct Answer:
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a)$215,000 cost of goods sold/$42,400 en...View Answer
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