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Prepare the current assets section of the statement of financial position for Ivanhoe Retail, assuming that in addition to the receivables it has cash of

Prepare the current assets section of the statement of financial position for Ivanhoe Retail, assuming that in addition to the
receivables it has cash of R$93,000, merchandise inventory of R$172,000, and supplies of R$18,000.(List Current Assets in reverse
order of liquidity.)
IVANHOE COMPANY
Balance Sheet (Partial)
R$
R$
-
Calculate the accounts receivable turnover and average collection period. Assume that average net accounts receivable were
R$200,000.(Use 365 days for calculation. Round average collection period to 1 decimal place, e.s.15.1.)
Accounts receivable turnover
times
Average collection period
days
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