Efficiency ratios Flashcards
1
Q
Days receivable
A
Accounts receivable
______________________ x 365
Sales
2
Q
Days inventory
A
Inventory
___________ x 365
Cost of sales
3
Q
Days payable
A
Accounts payable
___________________ x 365
Cost of sales
4
Q
Receivables turnover
A
Sales
___________________
Average accounts receivable
5
Q
Inventory turnover
A
Cost of sales
___________________
Average inventory
6
Q
Receivables turnover
A
Cost of sales
______________________
Average accounts receivable
7
Q
Inventory turnover
A
Cost of sales
________________
Average inventory
8
Q
Payables turnover
A
Cost of sales
_______________
Average accounts payable
