The following balance sheet information was provided by

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The following balance sheet information was provided by Paino Company:

  • Assets              2012 2011
  • Cash                2,000 $1,500
  • A/R $               13,000 $11,000
  • Inventory $        20,000 $21,000

a. Assuming net credit sales totaled $145,000, what is the company's accounts receivable turnover for 2012?

b. Assuming net credit sales totaled $145,000, what was the company's average number of days to collect receivables in 2012?

c. Assuming cost of goods sold is $110,000, what is the company's inventory turnover in 2012?

Reference no: EM13579452

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