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Sales for the year for Fuji Company were $1,100,000,70 percent of which were on credit. The average gross profit on sales was 50 percent. Additional

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Sales for the year for Fuji Company were $1,100,000,70 percent of which were on credit. The average gross profit on sales was 50 percent. Additional account balances were: Required: Compute the turnover for the accounts receivable and inventory, the average days to collect receivables, and the average days to sell inyentory \begin{tabular}{|l|l|} \hline & Turnover \\ \hline Accounts receivable & \\ \hline Inventory & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline To collect accounts receivable & Days \\ \hline To sell inventory & \\ \hline \end{tabular}

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