Item$7$

Part $3$ of $3$

Time Remaining $4$ hours $20$ minutes $45$ seconds$04$:$20$:$45$

eBookPrintItem $7$

Time Remaining $4$ hours $20$ minutes $45$ seconds$04$:$20$:$45$

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Senath Company$$s annual report reveals net credit sales of $$240,000$ and average accounts receivable of $$20,000.$ The report also shows an average inventory balance of $$10,000$ and cost of goods sold of $$200,000.$ Based on this information $($treat any partial day as a whole day$)$: