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Use the following information extracted from ABC's Income Statement and Balance Sheet to answer the next three questions: Sales 4,200,000; Gross profit 2,700,000; Receivables 630,000;
Use the following information extracted from ABC's Income Statement and Balance Sheet to answer the next three questions:
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. ABCs days outstanding were? ABC's Inventory Turn was? ABC's days payable outstanding was?
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