Winter corporation has issued common stock only. The company has been successful and has a gross profit of 20%. The information show below was taken from the company's financial statements.
beginning inventory $482,000
Purchases $5,636,000
ending inventory ?
average accounts receivable $700,00
average common stockholder's equity 3/5/000
sales(all on credit 7,000,000
net income 525,000
Compute the following:
a. receivables turnover and the average collection period.
b. inventory turnover and the days in inventory.
c. return on common stockholders' equity.