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Sales for the year for Victor Company were $1,200,000,70 percent of which were on credit. The average gross profit on sales was 40 percent Additional

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Sales for the year for Victor Company were $1,200,000,70 percent of which were on credit. The average gross profit on sales was 40 percent Additional account balances were: Required: 1. Compute the turnover for the accounts recelvable and inventory. (Round your intermediate calculations and final answers to 2 decimal places.) 2. Compute the average days to collect receivables, and the average days to sell inventory. (Use 365 days in o year. Round your intermediate calculations and final answers to 2 decimal places.)

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