From the following data calculate the Collection Period, Payables Period, and Inventory Turnover respectively: A. Sales Rs
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From the following data calculate the Collection Period, Payables Period, and Inventory Turnover respectively:
A. Sales Rs 150,000 Accounts receivable Rs 12,000 B. Sales Rs 900,000 Cost of sales Rs 500,000 Purchases Rs 360,000 Ending inventory Rs 420,000 Accounts payable Rs 90,000 C. Sales Rs 1,400,000 Beginning inventory Rs 120,000 Ending inventory Rs 310,000 Cost of sales Rs 900,000
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