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Intro Sales for the year were $80,000 and cost of goods sold were $64,000. The balance sheet at the end of the year is given

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Intro Sales for the year were $80,000 and cost of goods sold were $64,000. The balance sheet at the end of the year is given below: Assets Cash 12,000 Accounts receivable Inventory Current assets Machines Real estate Net fixed assets 6,000 39,000 57,000 34,000 80,000 114,000 171,000 Liabilities and Equity Accounts payable 22,000 Current liabilities 22,000 Long-term debt 95,000 Total liabilities 117,000 Paid-in capital 20,000 Retained earnings 34,000 Equity 54,000 Total liab. & equity 171,000 Total assets 18 Attempt 1/6 for 10 pt Part 1 What is the firm's days' sales in inventory? 0+ decimals Submit 8 Attempt 1/6 for 10 pt Part 2 What is the firm's days' sales in receivables? 1+ decimals Submit

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