Cash sales $300,000 Credit sales = $1,100,000 Gross profit = $700,000 Credit purchases = $840,000...
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Finance
Cash sales $300,000 Credit sales = $1,100,000 Gross profit = $700,000 Credit purchases = $840,000 Total assets = $800,000 Total inventory = $80,000 Accounts receivable turnover ratio= 9.5 Average accounts payable = $80,000 What is the Assets turnover ratio? What is the Inventory turnover ratio? What is the total accounts receivable? What is the Gross profit margin
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