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Assume current assets consist of cash, short-term investments, accounts receivable, inventory, and prepaid expenses, and that ending balances are the same as average balances for

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Assume current assets consist of cash, short-term investments, accounts receivable, inventory, and prepaid expenses, and that ending balances are the same as average balances for the year. Required: Calculate a. Current liabilities b. Inventory c. Accounts receivable collection period d. Number of days of sales in inventory e. Revenue operating cycle

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