Question: ANALYSIS OF ACTIVITY MEASURES Based on the financial statement data in Exercise 24-1A, compute the following activity measures for 20-2 (round all calculations to two

ANALYSIS OF ACTIVITY MEASURES Based on the financial statement data in Exercise 24-1A, compute the following activity measures for 20-2 (round all calculations to two decimal places):

(a) Accounts receivable turnover

(b) Merchandise inventory turnover

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