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You are trying to prepare financial statements for Bartlett Pickle Company, but seem to be missing its balance sheet. You have Bartlett's income statement, which
You are trying to prepare financial statements for Bartlett Pickle Company, but seem to be missing its balance sheet. You have Bartlett's income statement, which shows sales last year were $ million with a gross profit margin of percent. You also know that credit sales equaled threequarters of Bartlett's total revenues last year. In adc ion. Bartlett had a collection period of days, a payables period of days, and an inventory turnover of times based on cost of pods sold. Calculate Bartlett's yearending balance for accounts receivable, inventory, and accounts payable.
Note: Round your answers to decimal place.
tabletableBartletts yearendingbalance millionAccounts receivable,InventoryAccounts payable,
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