Exercise in Calculating Activity Ratios United Instruments, Inc. Selected Financial Statement Statistics as of Dec. 31, 2017 (amount millions): $ 544 337 Accounts receivable Inventory PP&E, net Total assets 1,526 2,707 Accounts payable 272 Sales 2,690 Calculate the following ratios and comment: Accounts receivable turnover and Days receivables: Inventory turnover and Days inventory:
Exercise in Calculating Activity Ratios United Instruments, Inc. Selected Financial Statement Statistics as of Dec. 31, 2017 (amount millions): $ 544 337 Accounts receivable Inventory PP&E, net Total assets 1,526 2,707 Accounts payable 272 Sales 2,690 Calculate the following ratios and comment: Accounts receivable turnover and Days receivables: Inventory turnover and Days inventory:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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