Answer:
Current Ratio 1.05
Receivable turnover days 129 days
Days to collect 2.83
Inventory Turnover days 38 days
Days to sell 9.61
Explanation:
Current Ratio : Total Current Assets / Total Current Liabilities
Current Ratio : 8,250,030 / 7,830,300 = 1.05
Receivable turnover days : ( Accounts Receivable / Total Sales ) * 365 days
Receivable turnover days : ( 4,730,000 / 13,340,300 ) * 365
Receivable turnover days : 129 days
Days to collect : 365 days / Accounts receivable turnover days
Days to collect : 365 / 129 days = 2.83
Inventory turnover days : ( Inventory / Cost of goods sold ) * 365
Inventory turnover days : ( 938,360 / 8,914,195 ) * 365
Inventory turnover days : 38 days
Days to sell : 365 days / Inventory turnover ratio
Days to sell : 365 / 38 days = 9.61
