Based on the following information for Rockwell Corporation for 2017,calculate the following ratios:
$\begin{array}{ll}
\text { Merchandise inventory, January 1,2017 } & \$ 50,000 \
\text { Accounts receivable, Janutury 1, 2017 } & 240,000 \
\text { Cost of goods sold } & 170,000 \
\text { Net sales } & 650,000 \
\text { Merchandise inventory, December 31, 2017 } & 65,000 \
\text { Accounts receivable, December 31, 2017 } & 200,000
\end{array}$ a_accounts receivable turnover
b_days' sales in receivables
c_merchandise inventory turnover

Question

Based on the following information for Rockwell Corporation for 2017,calculate the following ratios:
 $\begin{array}{ll}
\text { Merchandise inventory, January 1,2017 } & \$ 50,000 \
\text { Accounts receivable, Janutury 1, 2017 } & 240,000 \
\text { Cost of goods sold } & 170,000 \
\text { Net sales } & 650,000 \
\text { Merchandise inventory, December 31, 2017 } & 65,000 \
\text { Accounts receivable, December 31, 2017 } & 200,000
\end{array}$ a_accounts receivable turnover
b_days' sales in receivables
c_merchandise inventory turnover

Quizplus · Accepted Answer

The Answer of Based on the following information for Rockwell Corporation for 2017,calculate the following ratios:
 $\begin{array}{ll}
\text { Merchandise inventory, January 1,2017 } & \$ 50,000 \
\text { Accounts receivable, Janutury 1, 2017 } & 240,000 \
\text { Cost of goods sold } & 170,000 \
\text { Net sales } & 650,000 \
\text { Merchandise inventory, December 31, 2017 } & 65,000 \
\text { Accounts receivable, December 31, 2017 } & 200,000
\end{array}$ a_accounts receivable turnover
b_days' sales in receivables
c_merchandise inventory turnover

Based on the Following Information for Rockwell Corporation for 2017,calculate