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Calculate the days sales in inventory ratio

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Question - Betty Company shows the following data on its 2013 financial statements:

Accounts receivable, January 1 $720,000

Accounts receivable, December 31 $ 960,000

Merchandise inventory, January 1 $900,000

Merchandise inventory, December 31 $1,020,000
Net sales 4,620,000

Cost of goods sold 3,360,000

Net income 384,000

Calculate the days' sales in inventory ratio?

Reference no: EM132440664

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