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A company reports the following: Sales$928,560 Average accounts receivable (net)87,600 Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. When

A company reports the following:

Sales$928,560 Average accounts receivable (net)87,600

Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year.

a. Accounts receivable turnoverfill __________

b. Number of days' sales in receivablesfill in the _________2days

The following items are reported on a company's balance sheet:

Cash$210,900Marketable securities89,800Accounts receivable257,800Inventory211,500Accounts payable308,400

Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place.

a. Current ratiofill ________ b. Quick ratiofill _______

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