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