Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 1 answer below »

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.

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