Question: Check r Selected financial data for Quick Sell, Inc, a retail store, appear as follows. ear Sales (al1 on account) Cost of goods sold Average

Check r Selected financial data for Quick Sell, Inc, a retail

Check r Selected financial data for Quick Sell, Inc, a retail store, appear as follows. ear Sales (al1 on account) Cost of goods sold Average inventory during the year Average receivables during the year $ 781,000 681,000 423,000361,080 150,000 150,000 100,800 160,000 profit percentage for both years. (Round your percentage answers to the nearest whole number. ie. 0.1234 es 12%) a-2. Compute the inventory turnover for both years. (Round your answers to 1 decimal place.) a-3. Compute the accounts receivable turnover for both years. (Round your answers to 1 decimal place.) b. Which of the following show a positive or negative trend? Year 2 Year 1 Gross profft percentage 2 Inventory turnover Accounts receivable turnover times times 2 times times Trend Pre2 of 3 Next >

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