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  3. betty company shows the following data on its 2013

Betty Company shows the following data on its 2013 financial statements: Accounts receivable,...

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Accounting

Betty Company shows the following data on its 2013 financial statements:

Accounts receivable, January 1 $720,000

Accounts receivable, December 31 $ 960,000

Merchandise inventory, January 1 $900,000

Merchandise inventory, December 31 $1,020,000

Net sales 4,620,000

Cost of goods sold 3,360,000

Net income 384,000

The days sales in inventory ratio is:

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