Question - Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc:
19X5 19X4
Net credit sales $832,000 $760,000
Cost of goods sold 440,000 350,000
Cash, Dec. 31 125,000 110,000
Average Accounts receivable 180,000 140,000
Average Inventory 70,000 50,000
Accounts payable, Dec. 31 115,000 108,000
Compute the accounts receivable and inventory turnover ratios for 19X5. Alaska rounds all calculations to two decimal places.