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Selected recent balance sheet and income statement information for Cambridge Products, Inc. follows (in $ millions): Average accounts receivable $6,564 Average Inventory 3,876 Net Sales
Selected recent balance sheet and income statement information for Cambridge Products, Inc. follows (in $ millions):
Average accounts receivable $6,564
Average Inventory 3,876
Net Sales 32,288
Cost of Goods Sold 17504
Pretax income (622)
Net Income (1,192)
Required: Computer accounts receivable turnover and inventory turnover.
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