The 2013 and 2014 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 2014.
b.Calculate Ottoman's accounts receivable turnover and average collection period for 2014.
Unit 12-3,

Question

The 2013 and 2014 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 2014.
b.Calculate Ottoman's accounts receivable turnover and average collection period for 2014.
Unit 12-3,

Quizplus · Accepted Answer

The Answer of The 2013 and 2014 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 2014.
b.Calculate Ottoman's accounts receivable turnover and average collection period for 2014.
Unit 12-3,

The 2013 and 2014 Partial Balance Sheets for Ottoman Manufacturing