Question: The inventory and sales data for this year for G. Rabbit Company are as follows: Required Using the above data from G. Rabbit Company, compute

The inventory and sales data for this year for G. Rabbit Company are as follows:

Required
Using the above data from G. Rabbit Company, compute the following:
a. The accounts receivable turnover in days
b. The inventory turnover in days
c. The operatingcycle

End of Yer Beginning of Year Net sales Gross receivables Inventory Cost of goods sold $3,150,000 180,000 480,000 2,250,000 S160,000 390,000

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