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Problem 2 - 1 1 Given the following information, complete the balance sheet shown next. table [ [ Collection period, 6 7 , days
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Given the following information, complete the balance sheet shown next.
tableCollection period,daysDays sales in cash, days,Current ratio,Inventory turnover,timesLiabilities to assets,Payables period, days,
All sales are on credit. All calculations assume a day year. The payables period is based on cost of goods sold.
Note: Round your answers to the nearest whole dollar.
tableAssetsCurrent assets:,Cash
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