(Solution) - Inventory and receivable balances and gross profit data for Mountain -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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Inventory and receivable balances and gross profit data for Mountain Electric follow.

Instructions:
Compute the following ratios for 2013 and 2012.
1. Accounts receivable turnover
2. Average collection period (Use the receivables balance at the end of the year.)
3. Inventory turnover
4. Number of days' sales in inventory (Use the inventory balance at end of year.)