+1 862 207 3288 1. Wally's Motors generally has inventory that equals $48 million. If the inventory turnover for the company is 8, what are its (a) inventory conversion period and (b) cast of goods sold?
2. Small Fry Pools generally carries an amount of receivables equal to $80,000, and its annual credit sales equal $2.4 million. What are Small Fry's (a) receivables turnover and (b) receivables collection period (DSO)?
