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On December 31, 2023, Westfield Sports Corp. (in Checkpoint 9) had accounts receivable of $290,000 and inventories of $530,000. During 2023, net sales amounted to
- On December 31, 2023, Westfield Sports Corp. (in Checkpoint 9) had accounts receivable of $290,000 and inventories of $530,000. During 2023, net sales amounted to $2,500,000 and cost of goods sold was $750,000. Calculate the (a) accounts receivable turnover,
(b) days' sales uncollected, (c) inventory turnover, and (d) days' sales in inventory.
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