During the current year fargo company had sales revenue of


During the current year, Fargo Company had sales revenue of $145,000, of which 80% were credit sales. Its cost of goods sold was 60% of its sales revenue. During the year, Fargo's average inventory was $12,500 and its average net receivables were $9,300. Compute the inventory turnover and the receivables turnover of Fargo Company for the current year (assume a 365 day business year).

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Financial Accounting: During the current year fargo company had sales revenue of
Reference No:- TGS01159648

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