Assuming 360 days in a year Accounts Receivable

Assuming 360 days in a year Accounts Receivable = (DSO * Sales) / 360 Inventory = Cost of Sales / Inventory Turnover Ratio Accounts Payable = (Accounts Payable Days * Cost of Sales) / 360

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Assuming 360 days in a year

Accounts Receivable = (DSO * Sales) / 360

Inventory = Cost of Sales / Inventory Turnover Ratio

Accounts Payable = (Accounts Payable Days * Cost of Sales) / 360

Accounts Receivable

2010

$7,460,492.93

2011

$8,191,550.44

Table 1

2012

$8,995,632.60

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