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a. Use the income statement and the balance sheet to calculate Fammer's rate of inventory turnover and days' liventery custanding for 202 t Begin by selecting the formula and then enter the amounts to calculate itventory turnover. (Enler currency amounts in minions as given in the quabficn. Alound the insentscy krmover to two decimal places, X,x, Round the DIO to one decimal place, XX days.) b. Use the income statement and the bolance sheet to calculate the days' sales in average receivables (days' sales outstanding) ouring 2021 (round dotar amcunts to cne dioma pixco) Asaire al sales are made on account. Solect the formula and then enter the amounts to calculate days' sales in outstanding (DSO). (Abbreviaton used: AR = Aocourts recohable. Enter any ratos used mo caculaia DSO ke tro decimal places, XX, and use a 365 -day year, Round the DSO to one decimal place, XX doys.) c. Use the income statement and the balance sheet to calculate the accounts payable tumover and days' payables outstanding for 2021 . For this purpose, asyire that the impect of invarnones on c. Use the inoome statement and the belance sheot to calculate the accounts payable tumover and days' payables cutstanding for 2021 . Foc this purpose, astume that the impact of inventores on cost of goods sold is immaterial, allowing you to use cost of goods sold rather than purchases in your computations, (Enter curtency amounts in millons as ghven in the queisce. Freund yered frem answer to two decimal places, X.XX.) Round your final answor to one decimal place, XXX.) d. Use the Farmer 2021 inoome statement and the balance sheet to compute the length of cash comversion cycle in doys for 2021. (Enter any ratios used ta calculate the cash converice cocis and your final answer to one decimal place, XX, Use parentheses or a minus sign for a nogative cash comversion cycle.) Do these measures look strong or weak? Give the reason for your answer: Inventory tumover and days' sales cutstanding (DSO) look. shce thoy are both .However, days' payables outstanding (DPO) is quite cash in pays its creditors. Companies that continue to do this could face c. Use the inoome statement and the balance sheet to calculate the acoounts payable tumover and days' payables outstanding for 2021 . For this purpose, assume that the inpact of itventos cost of goods sold is immaterial, allowing you to use cost of goods sold rather than purchases in your computations. (Enter currency amcurts in mifichs as ghern in the quemton. Round your answor to two decimal places, xx.) Now, solect the formule and then enter the amounts to calculate days poyables outstanding (DPO). (Enter any ratios used to calculate the DPO to hao decimal places, XOC, and ase a 385-4 Round your final answer to one decimal ploco, X.X ) d. Use the Farmer 2021 income statement and the balance the length of cash conversion cycle in days for 2021. (Enter any rabion usch to calcuiate the cash comrention oy your final ainswer to one decimal phace, X,X, Use parenthes for a nogatho cash corversion cycle.) Do these measures look strong or weak? Give the reason ff Inventary turnover and days' sales outstanding (DSO) look .hince they are both . However, days' payables outstanding (DPO) is quate even though the company is colk chesh it pays its credtors. Companies that continue to do this could tace c. Use the inoome statement and the balance sheot to calculate the accounts payable turnover and days' payables cutstanding for 2021. For thia purpoue, absume that the incust ot inverbonit che cost of goods sold is immaterial, allowing you to use cost of poods gold eather than purchases in your computations. (Enter culrency aknounts in mitions as ginen in the quention. Riant your If a anower to two docimal places, X.XXC.) Costofgoodssold+5+Averageaccountspayable+525==Accountspayabletumover4.00 Now, select the formula and then enter the amounts to calculale doys payables outstanding (DPO). (Enter any matios ised to calculate the DPO to two decimal places, X. Found your final answer to cne decimal place, X.X. d. Use the Farmer 2021 income stalement and the balance sheet to compute the length on cycle in days for 2021. (Einter any raboe used to coloulate the cash comierson tyoie s.y your final answer to one decimal place, XX, Use parentheses or a minus sign for a nega sion cyde. Do these measures loak strong or weak? Give the reason for your anwer. Imventory lurnover and days' sales outstanding (DSO) look shee they are both However, days' payables outstansing (DPO) is quahe cosh it pays ats credtors. Companies that contimue to do this couls face e. Use the income statement and the balance sheet to calculate the accounts payable tumover and days' payables outstanding for 2021. For this purpose, assume that the impact of invertones on cost of goods sold is immaterial, allowing you to use cost of goods sold tather than purchases in your computations. (Enter currency amounts in milions as gran in the quatition. Round your final answer to two decimal places, x.xC.x Round your final answer to one decimal placo, X.X. d. Use the Farmer 2021 income statement and the balance sheet to compute the length of cash conversion cycie in days for 2021. (Enter any rabou 4 ) your fnal answer to one decimal place, X, Use parentheses or a minus sign for a negative cash conversich cycle.) Do these measures look strong or weak? Give the reason for your andwer. Invertory turnover and days' sales outstanding (DSO) look since thoy ace boh . However, dayw payables cutstanding (DPO) is quato cash it peys its creditors. Companies that continue to do this could face c. Use the income statement and the balance sheot to calculate the accounts payable tumovar and days' payables cuttanding for 2021. For this purpose, assume that the impact of inventanew ef cost of goods sold is immaterial, allowing you to use cost of goods sold rather than purchasos in your computations. (Enter currency amounts in millons as given in he feation Alorind your feris answor to two decimal places, x0. Round your final answer to one decimal place, X. your final ankime An mone starimal place, X, Use parentheses or a minus sign for a nogative cash corrversion cyclo.) g or weak? Give the ranson for your answer. cath it peys its credilors. Companies that continue to do this could face c. Use the income statement and the balance sheet to calculate the aocounts payable tamover and days' payablos outstanding for 2021. For this purpose, assume that the impact of ieveriories on cost of goods sold is immaterial, allowing you to use cost of goods sold rather than purchases in your computations. (Enter curfency amounts in milians as given in the ciestian Renind your final antwor to two docimal places, X,XOC Now, select the formuts and then enter the amounts to calculate diys peyables cutstanding (DPO). (Eiter any ratios used to cakulate the DPO so two docimal placos, XXX, and cie a 365-doy yeat Round your final antwer to one decimal place, X. .) d. Uso the Fanner 2021 income statement and the balance sheet to compute the longth of cash conversion cycle in days for 2021 . (Enter any rator used to caibulain the caah comenion cyele and your fnat answer to coe decimal place, XX, Use parentheses or a minus sign for a nopebtwe noeh memereinn mele ? Do these measures look strong or weok? Give the reason for your answer. inventory tumerer and days' taies outstanding (DSO) look it peys its credition. Companios that continue to do this could face

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