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Solomon Company reports the following in its most recent year of operations Sales, $1,321,600 (all on account) Cost of goods sold. $717,600 Gross profit, $604,000

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Solomon Company reports the following in its most recent year of operations Sales, $1,321,600 (all on account) Cost of goods sold. $717,600 Gross profit, $604,000 Accounts receivable, beginning of year, $108,000 Accounts receivable, end of year, $128,000 Merchandise inventory, beginning of year. $73,000 Merchandise inventory. end of year, $83,000. Based on these balances, compute: a. The accounts receivable turnover. b. The inventory turnover. Complete this question entering your answers in the tabs below. Required a Required b The accounts receivable turnover. Accounts Receivable Tumover Accounts Receivable Complete this question entering your answers in the tabs below. Required a Required b The accounts receivable turnover. Accounts Receivable Turnover Choose Denominator Choose Numerator Accounts Receivable Turnover Complete this question entering your answers in the tabs below. Required a Required b The inventory turnover. Inventory Turnover Choose Denominator Choose Numerator Inventory Turnover

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