Compute the inventory turnover days sales in inventory and, Finance Basics

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Compute the inventory turnover days sales in inventory and

Problem: Computing inventory, gross profit, and receivables ratios

Requirements: 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Accel's Companies for 2016.

2. Compute days' sales in receivables during 2016. Round dollar amounts to three decimal places. Assume all sales were on account.

3. What do these ratios say about Accel's Companies' ability to sell inventory and collect receivables?

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Finance Basics: Compute the inventory turnover days sales in inventory and

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Finance Basics: Compute the inventory turnover days sales in inventory and

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