1. Emery, Inc. had Accounts Receivable of $85,000 and 40 Days Sales in Receivables. If Cost of Goods Sold run 35% of sales and Inventory turnover is 15, what is Emery’s Inventory?
2. Krueger Industrial Smoothing has an accounts receivable balance of $350,000 and 15 days of sales in receivables. By how much would Krueger’s receivable balance increase if it increased its days sales in receivables to the industry average of 32 days?