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Calculate the accounts receivable turn days

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Question - For its most recent year a company had Sales (all on credit) of $830, 000 and Cost of Goods Sold of $525, 000. At the end of the year its Accounts Receivable were $86,000 and its Inventory was $110,000. Accounts Payable was $5,000 and Net Income was $42,000.

1. Calculate the Accounts Receivable Turn Days.

2. Calculate the Inventory Turn days.

Reference no: EM132105395

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