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Solomon Company reports the following in its most recent year of operations . Sales, $1,320,000 (all on account) Cost of goods sold, $720,000 . Gross
Solomon Company reports the following in its most recent year of operations . Sales, $1,320,000 (all on account) Cost of goods sold, $720,000 . Gross profit, $600,000 Accounts receivable, beginning of year, $110,000 Accounts receivable, end of year, $130,000 Merchandise inventory, beginning of year. $75.000 Merchandise inventory, end of year. $85.000. 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 Complete this question entering your answers in the tabs below. Required a Required b The accounts receivable turnover. Accounts Receivable Turnover Choose Denominao Accounts R Choose Numerator Choose Denominator Turnover Required b> Required aRequired b The inventory turnover Inventory Turnover Choose Numerator Choose Denominator Inventory Turnover Required a
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