Selected recent balance sheet and income statement information for Shepherd, Inc. follows:
A. Calculate accounts receivable turnover (ART) for 2016 and 2015. Has ART improved during the year or worsened?
B. Calculate inventory turnover (INVT) for 2016 and 2015. Has INVT improved during the year or worsened?

Question

Selected recent balance sheet and income statement information for Shepherd, Inc. follows:
  A. Calculate accounts receivable turnover (ART) for 2016 and 2015. Has ART improved during the year or worsened?
B. Calculate inventory turnover (INVT) for 2016 and 2015. Has INVT improved during the year or worsened?

Quizplus · Accepted Answer

The Answer of Selected recent balance sheet and income statement information for Shepherd, Inc. follows:
  A. Calculate accounts receivable turnover (ART) for 2016 and 2015. Has ART improved during the year or worsened?
B. Calculate inventory turnover (INVT) for 2016 and 2015. Has INVT improved during the year or worsened?

Selected Recent Balance Sheet and Income Statement Information for Shepherd