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The following information is available for Sheridan Company: 2017 2016 Accounts receivable (net) $ 380000 $ 450000 Inventory 400000 380000 Net credit sales 2490000 1360000

image text in transcribedThe following information is available for Sheridan Company: 2017 2016 Accounts receivable (net) $ 380000 $ 450000 Inventory 400000 380000 Net credit sales 2490000 1360000 Cost of goods sold 2223000 1020000 Net income 270000 160000 The inventory turnover ratio for 2017 is

The following information is available for Sheridan Company: 2017 Accounts receivable $ 380000 (net) Inventory 400000 Net credit sales 2490000 Cost of goods sold 2223000 Net income 270000 The inventory turnover ratio for 2017 is 2016 $ 450000 380000 1360000 1020000 160000

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