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Use the following information extracted form ABC's Income Statement and Balance sheet and match the item with the correct calculation. Sales 4,200,000; Gross profit 2,700,000;

Use the following information extracted form ABC's Income Statement and Balance sheet and match the item with the correct calculation.

Sales 4,200,000; Gross profit 2,700,000; Receivables 630,000; Payables 275,000; Inventory 300,000. ABC calculates is financial ratios based on being open for business 6 days a week for 50 weeks per year.

Potential Matches:

1: 45

2: 5

3: 55

Answer:

________: ABC's days' sales outstanding

________: ABC's inventory turn

________: ABC's days' payables outstanding

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