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Depeche Fashion Inc. (DF Inc.) realized $785,000 worth of sales. Gross profit margin for DF Inc. is calculated as 26%. End of the year balance
- Depeche Fashion Inc. (DF Inc.) realized $785,000 worth of sales. Gross profit margin for DF Inc. is calculated as 26%. End of the year balance sheet states that DF Inc. has inventory worth $140,000 and accounts receivable worth $252,000. On average, how many days pass for the company to sell its inventory and collect its accounts receivable?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
