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Solomon Company reports the following in its most recent year of operations Sales, $1081,600 (all on account) Cost of goods sold, $633,600 Gross profit. $448,000
Solomon Company reports the following in its most recent year of operations Sales, $1081,600 (all on account) Cost of goods sold, $633,600 Gross profit. $448,000 Accounts receivable, beginning of year. $94.000 Accounts receivable, end of year, $114,000 Merchandise inventory, beginning of year, $59,000 Merchandise inventory, end of year. $69.000. Based on these balances, compute: a. The accounts receivable turnover. b. The inventory turnover. Complete this question entering your answers in the tabs below. Required a Required b The accounts receivable turnover. Accounts Receivable Turnover Choose Denominato Choose Numerator Accounts Receivable Turnover - I Renda Required b > Based on these balances, compute: a. The accounts receivable turnover. b. The inventory turnover. Complete this question entering your answers in the tabs below. Required a Required b The inventory turnover. Inventory Turnover Choose Denominator Choose Numerator Inventory Turnover =
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