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Accel's Companies, a home improvement store chain,...

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Accounting

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Accel's Companies, a home improvement store chain, reported the following summarized figures: IIB (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Accel's has 10,000 common shares outstanding during 2024. Read the requirements. Income Statement Balance Sheets Accel's Companies, a home improvement store chain, reported the following summarized figures: [Eit (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Accel's has 10,000 common shares outstanding during 2024. Read the requirements. Requirement 1. Compute the inventory tumover, days' sales in inventory, and gross profit percentage for Accel's Companies for 2024. Compute the inventory tumover. (Round your answer to two decimal places, X.X.) The inventory tumover = Requirements 1. Compute the inventory tumover, days' sales in inventory; and gross profit percentage for Accel's Companies for 2024. 2. Compute days' sales in recelvables during 2024, Round intermediate caiculations to three decimal places. Assume all sales were on account. 3. What do these ratios say about Accel's Companies' ability to sell inventory and collect receivables

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