3. Carlos Company would like to estimate how long it will take to realize cash...
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Accounting
3. Carlos Company would like to estimate how long it will take to realize cash from selling inventory. For this purpose, the following data is obtained: Account receivables, less allowance for doubtful accounts of $30,000: $ 560,000 Ending inventory $ 680,000 Net sales $ 4,350,000 Cost of goods sold $ 3,600,000 Required: Estimate how long it will take to realize cash from selling inventory
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