Question

End of Year Beginning of Year Cash and cash equivalents $ 770 $ 79 Accounts receivable (net) 1,930 1,830 Inventory 850 840 Other current assets 750 501 Total current assets $4,300 $3,250 Total current liabilities $1,990 $1,630 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 million Compute the current ratio, accounts receivable turnover, average collection period, Inventory turnover and days in Inventory at the end of the current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Current ratio Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days