Problem 60 Intro Sales for the year were $82,000 and cost of goods sold were $65,600....
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Problem 60 Intro Sales for the year were $82,000 and cost of goods sold were $65,600. The balance sheet at the end of the year is given below: Assets Liabilities and Equity Cash 9,000 Accounts payable 20,000 Accounts receivable 7,000 Current liabilities 20,000 Inventory 36,000 Long-term debt 95,000 Current assets 52,000 Total liabilities 115,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 31,000 Net fixed assets 114,000 Equity 51,000 Total assets 166,000 Total liab. & equity 166,000 Part 1 What is the firm's days' sales in inventory? 0+ decimals Submit Part 2 What is the firm's days' sales in receivables? 1+ decimals Submit Attempt 1/5 for 10 pts. BAttempt 1/5 for 10 pts. Problem 60 Intro Sales for the year were $82,000 and cost of goods sold were $65,600. The balance sheet at the end of the year is given below: Assets Liabilities and Equity Cash 9,000 Accounts payable 20,000 Accounts receivable 7,000 Current liabilities 20,000 Inventory 36,000 Long-term debt 95,000 Current assets 52,000 Total liabilities 115,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 31,000 Net fixed assets 114,000 Equity 51,000 Total assets 166,000 Total liab. & equity 166,000 Part 1 What is the firm's days' sales in inventory? 0+ decimals Submit Part 2 What is the firm's days' sales in receivables? 1+ decimals Submit Attempt 1/5 for 10 pts. BAttempt 1/5 for 10 pts.
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