You are looking at the following financial information. Sales of $4,000,000; Gross Profit of $2,500,000;...
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Finance
You are looking at the following financial information. Sales of $4,000,000; Gross Profit of $2,500,000; Accounts Receivable of $250,000; Inventory of $200,000 and Total Assets of $4,000,000. Calculate the receivables turnover ration? Calculate the inventory turnover ratio?
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