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Referring to the level of current assets and current liabilities in #2 above and assuming the given level of sales in 2011 and 2012, find: The...

3.) please find the attachment
3. Referring to the level of current assets and current liabilities in #2 above and assuming the given level of sales in 2011 and 2012, find: a. The receivables turnover for each year. b. The average collection period (or DSO) for each year. 2011 2012 Cash & equivalents $50,000 $50,000 Accounts receivable 300,000 350,000 Inventory 350,000 500,000 Total current assets $700,000 $900,000 Accounts payable $200,000 $250,000 Notes payable 0 150,000 Operating accruals 150,000 200,000 $350,000 $600,000
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Finance-8369636.xls

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