If you were a cosmetologist working in a spa and were 15 minutes late for your first appointment, how would that impact those you work with and the clients of the spa?

(a) 5.41 times

(b) 3.48 times

Explanation:

(a) Accounts receivable turnover for 2017:

      = 5.41 times

Working:

                                                             = 462,500

(b) Inventory turnover for 2017:

      = 3.48 times

Working:

                                                             = 575,000