Accounts Recievable 272 000 January 292 000 December Merchdise Inventory 304 000

Accounts Recievable……..$272,000(January)……$292,000(December)

Merchdise Inventory…..$304,000(January)………$319,000(Dec.)

Net credit sales……………………………………..$2,300,000(Dec)

Cost of Goods sold………………………………..$1,200,000(Dec)

Inventory turnover____________times?

Accounts receivable turnover ____________times?

Average collection period of accounts receivable

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