The 2020 and 2021 partial balance sheets for Ottoman Manufacturing Company appear below along with selected financial information: Required:
a.Calculate Ottoman's inventory turnover and average days to sell inventory for 2021.
b.Calculate Ottoman's accounts receivable turnover and average collection period for 2021.

Question

The 2020 and 2021 partial balance sheets for Ottoman Manufacturing Company appear below along with selected financial information:  Required: 
a.Calculate Ottoman's inventory turnover and average days to sell inventory for 2021.
b.Calculate Ottoman's accounts receivable turnover and average collection period for 2021.

Quizplus · Accepted Answer

The Answer of The 2020 and 2021 partial balance sheets for Ottoman Manufacturing Company appear below along with selected financial information:  Required: 
a.Calculate Ottoman's inventory turnover and average days to sell inventory for 2021.
b.Calculate Ottoman's accounts receivable turnover and average collection period for 2021.

The 2020 and 2021 Partial Balance Sheets for Ottoman Manufacturing