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based on these balances, compute a: the accounts receivable turnover - b: the inventory turnover Namala Company reports the following in its most recent year
based on these balances, compute a: the accounts receivable turnover - b: the inventory turnover
Namala Company reports the following in its most recent year of operations: Sales, $ 1,000,000 (all on account) Cost of goods sold, $570,000 Gross profit, $430,000 Accounts receivable, beginning of year, $90,000 Accounts receivable, end of year, $ 110,000 Merchandise inventory, beginning of year, $55,000 Merchandise inventory, end of year, $65,000Step by Step Solution
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