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This data of ABC Company: Sales 4,200,000; Gross profit 2,700,000; Receivables 630,000; Payables 275,000; Inventory 300,000. ABC calculates its financial ratios based on being open
This data of ABC Company:
Sales 4,200,000; Gross profit 2,700,000; Receivables 630,000; Payables 275,000; Inventory 300,000. ABC calculates its financial ratios based on being open for business 6 days per week for 50 weeks per year.
Based on data, calculate:
a. Days sales outstanding
b. Inventory turn over
c. Days payables outstanding
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