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You can use assumptions A 2021-22 >> FIN 320-1 (Lec) >> Financial Statement Analysis son 2 wered ed out of 0 Flag hion You have
You can use assumptions
A 2021-22 >> FIN 320-1 (Lec) >> Financial Statement Analysis son 2 wered ed out of 0 Flag hion You have the following restaurant business reports for Ibrahim and Ebrahim, Ibrahim Ebrahim Net Sales Dh4,076 Dh278 Cost of Goods Sold 1,686 97 Interest Expense 0 0 Net Income 268 22 Average Inventory 303 4 Average Fixed Assets 2,163 130 Required: a. Calculate accounts receivable turnover and inventory turnover (2 marks) b. Discuss why your calculated accounts receivable turnover is different from your calculated inventory turnover (a marks) Step by Step Solution
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