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Cost of goods sold Bad debt expense Balance sheet, as at yearend Accounts receivable Inventory Accounts payable 124,000 4,500 135,000 6,700 23,500 36,900 44,400 49,100

Cost of goods sold Bad debt expense Balance sheet, as at yearend Accounts receivable Inventory Accounts payable 124,000 4,500 135,000 6,700 23,500 36,900 44,400 49,100 17,700 23,400 Required (8 marks): Calculate Argo's Accounts Receivable Turnover, Inventory Turnover and Gross profit margin for the year ended 2018. Show all workimage text in transcribed

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