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.)

Yearly sales (credit)

$

420,00

Inventory turnover

10

times

Current liabilities

$

157,00

Current ratio

2

Average collection period

36

days

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