Question: Construct the current assets section of the balance sheet from the following data. (Use cash as a plug figure after computing the other values.) (Use
Construct the current assets section of the balance sheet from the following data. (Use cash as a plug figure after computing the other values.) (Use a 360-day year. Do not round intermediate calculations.) $ 520,000 Yearly sales (credt) Inventory turnover Current hablies Current rato Average collection period 13 times $ 53000 36 days Partial Balance Sheet Current assets Cash Accounts recevable Inventory otal current assets
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