Question: Intro Sales for the year were $ 7 8 , 0 0 0 and cost of goods sold were $ 6 2 , 4 0

Intro
Sales for the year were $78,000 and cost of goods sold were $62,400.
The balance sheet at the end of the year is given below:
Part 1
What is the firm's days' sales in inventory?
Part 2
What is the firm's days' sales in receivables?
Intro Sales for the year were $78,000 and cost of goods

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