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Accounts Receivable Analysis A company reports the following: Sales $536,550 Average accounts receivable 35,770 (net) Determine (a) the accounts receivable turnover and (b) the number

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Accounts Receivable Analysis A company reports the following: Sales $536,550 Average accounts receivable 35,770 (net) Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days Inventory Analysis A company reports the following: Cost of goods sold $310,250 Average inventory 62,050 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days

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