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please answers all questions and just answers no need for explanation. answers must be correct QUESTION 56 Using the information provided, what is the inventory

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QUESTION 56 Using the information provided, what is the inventory turnover for the firm? Not yet answered Marked out of 1.00 Flag question Perfect Purchase Electronics Selected Income Statement Items, 2014 Cash Sales $1,500,000 Credit Sales $7.500.000 Total Sales $9,000,000 COGS $6,000,000 Perfect Purchase Electronics Selected Balance Sheet Accounts 12/31/2014 12/31/2013 Change Accounts Receivable $270,000 $240,000 $30,000 Inventory $125,000 3100,000 $25,000 Accounts Payable $110,000 $90,000 $20,000 Select one: a. 53,33 times b. 48.00 times c. 23.53 times d. 60.00 times QUESTION 57 When a company deals only in cash, the cash conversion cycle becomes Not yet answered Marked out of 1.00 Flag question Select one: a. the payable cycle b. the production cycle c. the collection cycle - the payable cycle o d. the collection cycle QUESTION 59 The begins at the time a firm first starts to make a product and lasts until the time the customer buys the product Not yet answered Marked out of 1.00 Flag question Select one: a. business operating cycle b. cash conversion cycle c. accounts receivable cycle d. production cycle QUESTION 54 While calculating Gross Profit, if net profit is given, Not yet answered Marked out of 1.00 Flag question Select one: a. It can be converted into gross profit by adding interest to it b. None of the above c. Both a and b d. It can be converted into Gross profit by adding indirect expenses to it QUESTION 55 Not yet answered Once financial statements are made public, the external analysis of the company begins by Marked out of 1.00 Flag question Select one: a. All of these b. the advertising department c. certified tax planners d. financial analysts

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