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Double West Suppliers (DWS) reported sales for the year of $220,000, all on credit. The average gross profit percentage was 30 percent on sales. Account

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Double West Suppliers (DWS) reported sales for the year of $220,000, all on credit. The average gross profit percentage was 30 percent on sales. Account balances follow: Required: 1. Compute the following turnover ratios. 2. By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell inventory

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