QUESTION 24 A company has an average collection period of 31 days. If the receivables balance is $4,500,000, what would the year's credit sales be? $14.587 million $48.371 million $10.899 million $52.984 million none of these QUESTION 25 A firm's current ratio is 3.2 and its quick ratio is 1.8. If current liabilities total $456,000, what is the value of the inventory? $723,940 $607,800 $638,400 $699,800 none of these