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The Flower Shoppe has accounts receivable of $72,000, inventory of $45,000, sales of $360,000, and cost of goods sold of is equal to 75% of
The Flower Shoppe has accounts receivable of $72,000, inventory of $45,000, sales of $360,000, and cost of goods sold of is equal to 75% of sales. How many days does it take the firm to sell its inventory and collect the receivables assuming that all sales are on credit? (1 year = 360 days) Days in Inventory 50 days ACP= 75 days 95098 B) Days in Inventory= 72 days ACP= 60 days C) Days in Inventory= 60 days ACP= 72 D) Days in Inventory= 75 days ACP= 50 days E) Days in Inventory-40 days ACP= 55 days
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