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Construct the current assets section of the balance sheet from the following data. (Use cash as a plug figure after computing the other values.)
Construct the current assets section of the balance sheet from the following data. (Use cash as a plug figure after computing the other values.) (Use a 360-day year. Do not round Intermediate calculations.) Yearly sales (credit) $735,000 Inventory turnover 15 times Current liabilities $88,000. 2 Average collection period 36 days Current ratio. Partial Balance Sheet Current assets: Cash Accounts receivable Inventory Total current assets $
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