Question: Use the data in Problem and Case 4 . 1 1 . The notes to the financial statements indicated that 8 0 % of the

Use the data in Problem and Case 4.11. The notes to the financial statements indicated that 80% of the sales for Creative Advertising Limited were credit sales. Inventory purchases, 90% of which were on credit, were $215,000 in 2010 and $200,000 in 2009. On average there were 325 employees throughout 2010.

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