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The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (Use celis A4 to E29

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The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (Use celis A4 to E29 from the given information to complete thin question.) (2 a) Compute actounts receivable turnoven. (Uve cells A4 to E29 trom the chren information to complete this question.) (2b) Deternies it accounts receivabie turnover ratho improved or worsened in the curfent yeat Adeunts recrivable fiertiver. (3) a) Compotr inventany turnom! (3-a) Compute inventory turnover. (Use cells A4 to E29 from the given information to complete this question.) (3-b) Determine if inventory turnover ratio improved or worsened in the current year. Inventory turnover (4-a) Compute days' sales in inventory. (Use cells A4 to E29 from the given information to complete this question.)

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