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Topic: Turnover Ratios 3. The partial balance sheets and income statements for Weasley's, Inc., for fiscal years ending June 30, 2019 and 2018 follow: a.

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Topic: Turnover Ratios 3. The partial balance sheets and income statements for Weasley's, Inc., for fiscal years ending June 30, 2019 and 2018 follow: a. Calculate accounts receivable turnover for 2019 and 2018. Accounts receivable in 2017 totaled $29,831 million. Has accounts receivable turnover improved during the year or worsened? (3pts) b. Calculate inventory turnover for 2019 and 2018 . Inventories in 2017 were $30,686 million. Has inventory turnover improved during the year or worsened? (3pts) c. Calculate asset turnover for 2019 and 2085 considering that 2017 total assets are $434,214 million. (3 pts)

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