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Please answer the question which is about financial statement analysis. 6. Lazy O Corporation Selected Financial Data Current assets Current liabilities $85,000 70,000 35,000 40,000
Please answer the question which is about financial statement analysis.
6. Lazy O Corporation Selected Financial Data Current assets Current liabilities $85,000 70,000 35,000 40,000 25,000 Net sales425,000 258,000 Accounts-receivable Inventories Accounts payable Cost of goods sold Required: Calculate the following- Average collection period Days Inventory held Days Payable Outstanding Net Trade CycleStep by Step Solution
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