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turnover for accounts Sales for the year for Fuj Company were $1,000,000,70 percent of which were on credit. The average gros5 profit on sales was
turnover for accounts
Sales for the year for Fuj Company were $1,000,000,70 percent of which were on credit. The average gros5 profit on sales was 50 percent. Additional account balances were: Required: Compute the turnover for the accounts recelvable and inventory, the average days to collect receivabies, and the average days to sell inventory. Compute the turnover for the accounts receivable and inventory. Note: Round your intermediate calculations and final answers to 2 decimal places. Compute the average days to collect receivables, and the average days to sell inventory. Note; Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal olaces Step by Step Solution
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