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CHC Company besan the year with accounts receivable and inventory balance of $100,000 and $80,000, respectively. Year end balances for these accounts were $120,000 and $60,000, respectively. Sales for the year of $600,000 generated a gross profit of $200,000. Required Galculate the receivables turnover Galculate the imventory turnover Calculate the Cost of Goods Sold amount Caleulate that markup percentage Calcutito the Gross Profit percentage