Net Sales: 967250 Cost of goods sold: 631450 Average inventories for the year: 198000 Inventories...
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Accounting
Net Sales: 967250 Cost of goods sold: 631450 Average inventories for the year: 198000 Inventories at year-end: 158300 Average accounts receivable for the year: 42050 Accounts receivable at year-end: 25200
Inventory turnover: 3.19
Accounts Receivable turnover: 23
Calculate the number of days' sales in inventory for 2013, using year-end inventories. Calculate the number of days' sales in accounts receivable for 2013, using year-end accounts receivable.
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