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Accounts Receivable and Inventory Ratios Favor Company, whose current assets at December 31 are shown below, had net sales for the year of $522,750 and
Accounts Receivable and Inventory Ratios Favor Company, whose current assets at December 31 are shown below, had net sales for the year of $522,750 and cost of goods sold of $345,900. At the beginning of the year, accounts receivable (net) were $121,000 and inventory was $165,700
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