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Income Statement Accel's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the ioon
Income Statement Accel's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the ioon to view the balance sheots.) Accei's has 10,000 common shares outstanding during 2024. Requirement 1. Compute the inventory tumover, days' sales in inventory, and gross profit percentage for Accel's Companies for 2024. Compute the irventory turnover. (Round your answer to two decimal places, .) The inventory furnover = Compute the days' sales in imventory. (Round interim calculations to two decimal places, X,XX and round your final answer to the nearest whole day.) The days' sales in imventory = = days. Compute the gross profit percentage. (Round your answer to the nearest tenth of a percent, X.X.% ) The gross profit percentage = decimal places, X.XXXX and round your final answer to the nearest whole day.] Days' sales in average receivables = inventory =82 days, gross profit percentage =24.7% and days' sales in average receivables =8.17 days.) gross profit percentage, which is a The amount of time it takes to collect receivables seems , but this would depend on the Income Statement Accel's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the ioon to view the balance sheots.) Accei's has 10,000 common shares outstanding during 2024. Requirement 1. Compute the inventory tumover, days' sales in inventory, and gross profit percentage for Accel's Companies for 2024. Compute the irventory turnover. (Round your answer to two decimal places, .) The inventory furnover = Compute the days' sales in imventory. (Round interim calculations to two decimal places, X,XX and round your final answer to the nearest whole day.) The days' sales in imventory = = days. Compute the gross profit percentage. (Round your answer to the nearest tenth of a percent, X.X.% ) The gross profit percentage = decimal places, X.XXXX and round your final answer to the nearest whole day.] Days' sales in average receivables = inventory =82 days, gross profit percentage =24.7% and days' sales in average receivables =8.17 days.) gross profit percentage, which is a The amount of time it takes to collect receivables seems , but this would depend on the
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