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Given the following financial data, which of the following statements is true? Gross income Total sales Total credit sales Cost of goods sold $97,000,000 $84,000,000

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Given the following financial data, which of the following statements is true? Gross income Total sales Total credit sales Cost of goods sold $97,000,000 $84,000,000 $79,000,000 $52,000,000 $5,000,000 $4,000,000 $2,000,000 Total assets Average inventory Average receivables Inventory turnover is greater than receivables turnover Receivables turnover is greater than asset turnover Asset turnover is less than 15.0. inventory turnover is greater than asset turnover

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