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3. Carlos Company would like to estimate how long it will take to realize cash from selling inventory. For this purpose, the following data is
3. Carlos Company would like to estimate how long it will take to realize cash from selling inventory. For this purpose, the following data is obtained: Account receivables, less allowance for doubtful accounts of $30,000: $ 560,000 Ending inventory $ 680,000 Net sales $ 4,350,000 Cost of goods sold $ 3,600,000 Required: Estimate how long it will take to realize cash from selling inventory
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