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What is the value of the total assets in abc corporation

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Reference no: EM132959173

Question - ABC Corporation has a debt/equity ratio of 0.4, total debt of $400,000, sales of $50,000, cost of goods sold of $30,000, inventory of $10,000, and account receivable of $20,000. It is known that all sales are credit sales.

Required -

a) What is the value of the total assets in ABC Corporation?

b) Calculate the inventory turnover and thus the days' sales in inventory.

Reference no: EM132959173

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