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Exercise 13-8 (Algo) Analyzing and interpreting liquidity LO P3 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. For each ratio, determine if days' sales in inventory improved or worsened in the current year. Compute days' sales in inventory. Determine if inventory turnover ratio improved or worsened in the current year. Compute inventory turnover. Note: Round your answers to the nearest whole number. Determine if accounts receivable turnover ratio improved or worsened in the current year. Compute accounts receivable turnover. Note: Round your answers to the nearest whole number. Determine if days' sales uncollected improved or worsened in the current year. Days' sales uncollected Compute days' sales uncollected. Exercise 13-8 (Algo) Analyzing and interpreting liquidity LO P3 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (1-b) Determine if days' sales uncollected improved or worsened in the current year. (2-a) Compute accounts receivable turnover. (2-b) Determine if accounts receivable turnover ratio improved or worsened in the current year. (3-a) Compute inventory turnover. (3-b) Determine if inventory turnover ratio improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. For each ratio, determine if days' sales in inventory improved or worsened in the current year. Compute days' sales in inventory. Determine if inventory turnover ratio improved or worsened in the current year. Compute inventory turnover. Note: Round your answers to the nearest whole number. Determine if accounts receivable turnover ratio improved or worsened in the current year. Compute accounts receivable turnover. Note: Round your answers to the nearest whole number. Determine if days' sales uncollected improved or worsened in the current year. Days' sales uncollected Compute days' sales uncollected

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