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Procter & Gamble is a multinational corporation that manufactures and markets many products that are probably m your home Last year sales for the company
Procter & Gamble is a multinational corporation that manufactures and markets many products that are probably m your home Last year sales for the company were $76 481 (all amounts in millions) The annual report did not disclose the amount of credit sales so we will assume that 90 percent of sales were on credit. The average gross profit rate was 50 percent on sales. Account balances follow: Required: Compute the turnover for the accounts receivable and inventory (Round your answer to 1 decimal place.)
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