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2019 Question 1 The following information for ABC Company is given: 2018 9,330 10,980 Sales 7,620 4,935 Cost of goods sold 12,375 Accounts receivable 9,825

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2019 Question 1 The following information for ABC Company is given: 2018 9,330 10,980 Sales 7,620 4,935 Cost of goods sold 12,375 Accounts receivable 9,825 Inventory 7,260 9,000 Required: A-Calculate the Inventory turnover ratio and Day's Sales in receivable for 2018 & 2019. (Marks 10) B. What are the Day's Sales in Receivables and Day's Sales in Inventory ratios attempting to measure? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT T Ariel # 3 (12pt) T 7.260-9000

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