The following information was available for the year ended December 31, 2013 Required: a. Calculate the inventory

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The following information was available for the year ended December 31, 2013

The following information was available for the year ended December

Required:
a. Calculate the inventory turnover for 2013.
b. Calculate the number of days€™ sales in inventory for 2013, using year-end inventories.
c. Calculate the accounts receivable turnover for 2013.
d. Calculate the number of days€™ sales in accounts receivable for 2013, using year-end accountsreceivable.

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Accounting What the Numbers Mean

ISBN: 978-0078025297

10th edition

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele

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