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15.17 and 18 Question 22 of 22 /18 ! THE operates department stores in numerous state: Selected hypothetical narratememtastillions) for 2022 are presented below
15.17 and 18 Question 22 of 22 /18 ! THE operates department stores in numerous state: Selected hypothetical narratememtastillions) for 2022 are presented below End of Year Beginning of Year Cash and cash equivalents $1,218 $115 Accounts receivable (net) 3,300 3,100 Inventory 1,400 1,400 Other current assets 522 485 Total current assets $6,440 $5,100 Total current liabilities $3,220 $2,562 For the year, net credit sales were $13,120 million, cost of goods sold was $8,540 million, and net cash provided by operating activities was $1.270 million Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round Current ratio to 2 decimal places, eg. 1.62 and all other answers to 1 decimal place, eg. 1.6) Current ratio Accounts receivable turnover izes reflection narind 1621 :1 times days
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