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# Using the resources of our course materials compute the following for two years:...

I. Using the resources of our course materials compute the following for **two years:**

II. https://www.sec.gov/Archives/edgar/data/1495320/000149532018000007/vra-20180203x10k.htm

(a) Accounts Receivable Turnover

The formula: Net Credit Sales. If Net Credit Sales information is not available, use Sales for purposes of this assignment.

Average Accounts Receivables

Formula for computing Average Accounts Receivables: Beginning AR + Ending AR/2

Comment briefly interpreting your results. **10 points**

(b) Day's sales in Accounts Receivable (AR)

The formula: Sales / 365 = Sales Per day

Divide Accounts Receivable ending balance by sales per day. The answer: day's sales in AR.

Comment briefly interpreting your results**. 10 points**

( c ) Inventory Turnover

Formula: Cost of Goods Sold/Average Inventory

Formula for computing Average Inventory: Beginning Inventory + Ending Inventory/2

Comment briefly interpreting your results. **10 points**

(d) Day's sales in Inventory for two years.

For Inventory, Cost of Goods Sold / 365 = sales per day (at our cost).

Divide Inventory ending balance by sales per day. This answer: day's sales in Inventory

Comment briefly interpreting your results. **10 points**