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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 Bartiett's income statement, which

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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 Bartiett's income statement, which shows sales last year were $730 million with a gross profit margin of 30 percent. You also know that credit sales equaled three-quarters of Bartlett's total revenues last year. In addition, Bartiett had a collection period of 58 days. a payables period of 38 days, and an inventory turnover of 10 times based on cost of goods sold. Calculate Bartlett's year-ending balance for accounts receivable, inventory, and accounts payable. You are trying to prepare financial statements for Bartlett Pickle Company, but seem to be missing its balance sheet. You have Bartiett's income statement, which shows sales last year were $730 million with a gross profit margin of 30 percent. You also know that credit sales equaled three-quarters of Bartlett's total revenues last year. In addition, Bartiett had a collection period of 58 days. a payables period of 38 days, and an inventory turnover of 10 times based on cost of goods sold. Calculate Bartlett's year-ending balance for accounts receivable, inventory, and accounts payable

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