Answer:
X2
AR TO 7.638367347
Days on Inventory 48
X3
Explanation:
[tex]\frac{Sales}{Average AR} = $Accounts Receivables Turnover[/tex]
​where:
[tex]$Average AR=(Beginning AR+ Ending AR)/2[/tex]
Sales 4,678,500
beginning 645,000
ending     580,000
[tex]$Average AR=645000 + 580000)/2[/tex]
Avg. AR = 612,500
[tex]\frac{4678500}{612500} = $Inventory Turnover[/tex]
AR TO 7.638367347
[tex]\frac{365}{Inventory TO} = $Days in receivables [/tex]
[tex]\frac{365}{7.63836734693878} = $Days in receivables[/tex]
Days on Inventory 48
X3
Sales    5,653,500
beginning 645,000
ending     700,000
[tex]$Average AR =645000 + 700000)/2[/tex]
Avg- AR = Â Â Â Â 672,500
[tex]\frac{5653500}{672500} = $Inventory Turnover[/tex]
AR TO 8.40669145
[tex]\frac{365}{8.40669144981413} = $Days in receivables[/tex]
Days on Inventory 43