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B. Jones Corporation has issued common stock only. The company has been successful and has a gross profit rate of 20%. The information shown below

B. Jones Corporation has issued common stock only. The company has been successful and has a gross profit rate of 20%. The information shown below was taken from the company's financial statements.
Beginning inventory $ 482,000
Purchases 4,346,000
Ending inventory ?
Average accounts receivable 700,000
Average common stockholders' equity 3,100,000
Sales revenue (all on credit) 5,600,000
Net income 341,000
Compute the following:
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Accounts receivable turnover and the average number of days required to collect the accounts receivable.
Accounts receivable turnover (Round to 0 decimal places, e.g. 25)

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times
Average collection period (Round to 1 decimal place, e.g. 25.2)

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days
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The ending inventory, inventory turnover and the average days in inventory.
Ending Inventory $

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Inventory turnover (Round to 1 decimal place, e.g. 25.2)

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times
Average days in inventory (Round to 1 decimal place, e.g. 25.2)

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days
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Return on common stockholders' equity. (Round to 0 decimal places, e.g. 25%)
Return on common stockholders' equity

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%

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