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In 2019, ABC Co. had cost of goods sold of $250,000 and an inventory turnover ratio of 2.8 times. They had credit sales of $1,800,000

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In 2019, ABC Co. had cost of goods sold of $250,000 and an inventory turnover ratio of 2.8 times. They had credit sales of $1,800,000 and sales returns and allowances related to these sales of $150,000. Its comparative balance sheet at December 31, 2019 showed the following: 2019 2018 Accounts receivable N $800,000 $675,000 Less: Allowance for doubtful accounts 72,000 $65,000 $610,000 $728,000 Net realizable value Compute the following and show all work for full credit: a) The company's average inventory and days sales in inventory. b) Its receivable turnover for 2019. c) Its receivable turnover for 2019. Clearly label your answers

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