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Calculate the accounts receivable and inventory turnover

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Reference no: EM131864787

Question - The following selected company information was reported:

Account recievable begining of the year $170,000.00

Account receiveable end of the year $190,000.00

Merchandise Inventory beginning of the year $80,000.00

Merchandise Inventory ending of the year $60,000.00

Cost of goods sold $580,000.00

Credit Sales $1,000,000.00

Calculate the following company ratios:

a) Accounts receivable turnover.

b) Inventory turnover.

c) Days' sales uncollected.

Reference no: EM131864787

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