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D Question 14 10 Dolly Company shows the following data on its financial statements Accounts receivable, January 1 $730 Merchandise inventory, January 1 $950 Net

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D Question 14 10 Dolly Company shows the following data on its financial statements Accounts receivable, January 1 $730 Merchandise inventory, January 1 $950 Net sales $5,650 Cost of goods sold $3,450 Net income $384 Accounts receivable, December 31 $860 Merchandise inventory, December 31 $1,070 Calculate the following ratios: 1. Inventory Turnover 2. Days' sales in Inventory 3. Accounts Receivable Turnover 4. Days' sales Uncollected Explain what information you learn about this company from these ratios. B IV AA- I. E3 1 1 XX, EE - ? VR T 1 12pt - Paragraph

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