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Premier Corp. has net sales of $990,000, and cost of goods sold equal to 71 percent of net sales. Assume all sales are credit sales.
Premier Corp. has net sales of $990,000, and cost of goods sold equal to 71 percent of net sales. Assume all sales are credit sales. If the firms accounts receivable total $126,000 and its operating cycle is 76.5 days, how much inventory does the firm have? (Round answer to nearest dollar, e.g. 5,275.)
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