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( 4 - a ) Compute days' sales in inventory. ( 4 - b ) For each ratio, determine if days' sales in inventory improved
a Compute days' sales in inventory.
b For each ratio, determine if days' sales in inventory improved or worsened in the current year.
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Compute days' sales uncollected. a Compute days' sales in inventory.
b For each ratio, determine if days' sales in inventory improved or worsened in the current year.
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Compute accounts receivable turnover.
Note: Round your answers to the nearest whole number. a Compute days' sales in inventory.
b For each ratio, determine if days' sales in inventory improved or worsened in the current year.
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Compute inventory turnover.
Note: Round your answers to the nearest whole number.a Compute days' sales in inventory.
b For each ratio, determine if days' sales in inventory improved or worsened in the current year.
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Compute days' sales in inventory.Simon Company's yearend balance sheets follow.
For both the current year and one year ago, compute the following ratios:
The company's income statements for the current year and one year ago follow. Assume that all sales are on credit:
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