Question: Construct the current assets section of the balance sheet shown here from the following data: Yearly Credit Sales b. Inventory Turnover c. Current Liabilities

Construct the current assets section of the balance sheet shown here from the following data: Yearly Credit Sales b. Inventory Turnover c. Current Liabilities d. Current Ratio e. c. Quick Ratio $420,000 7.0 Times $80,000 2 1.25 f. Average Collection Period 36 Days Current Assets Cash Account Receivable Inventory Total Current Assets

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