The inventory and sales data for this year for G. Rabbit Company are as follows:...
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The inventory and sales data for this year for G. Rabbit Company are as follows: End of Year Beginning of Year Net sales $3,150,000 Gross receivables 180,000 $160,000 Inventory 480,000 390,000 Cost of goods sold 2,250,000 Required Using the above data from G. Rabbit Company, compute the following: a. The accounts receivable turnover in days b. The inventory turnover in days c. The operating cycle
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