-Suppose Lacey Corporation has total credit sales of $769,000.If the balance sheet reports accounts receivable...
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Finance
-Suppose Lacey Corporation has total credit sales of $769,000.If the balance sheet reports accounts receivable of $53,213,what is Lacey's average collection period (assume a 365-day year.)?
- What is the current ratio if cash is $8,000, accounts receivable are $22,000, inventories are $29,000, accounts payable are $42,000, and accrued payroll is $14,000?
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