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Excerpts from candle corporation's most recent balance sheet appear below: year 2 year 1 current assests Cash $ 2 0 0 , 0 0 0
Excerpts from candle corporation's most recent balance sheet appear below:
year year
current assests
Cash $ $
Account receivable, net
Inventory
Prepaid expenses
Total current assets
Current liabilities
Account payable $ $
accrued liablities
notes payable, short term
Total current liabilties
Additional data
Sales on account
cost of goods sold
compute the following for year :
Accounts receivable turnover. Round to decimal. marks
Average collection paiduse days in a year. Round ur intermediate calculations to decimals places
Inventory turnover. Round to decimal places
Average sale period use days in a year. Round ur intermediate calculations to decimals places
if the company expects its customers to pay their accounts receivable in days. How is the compnay doing?
what do the inventory and average sale period tell us Provide a reason
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