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The following information was available for the year ended December 31, 2015 $300,000 210,000 15,000 18,000 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year 60.000

The following information was available for the year ended December 31, 2015 $300,000 210,000 15,000 18,000 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year 60.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information was available for the year ended December 31, 2019: Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $300,000 210,000 15,000 18,000 60,000 70,000 The number of days' sales in accounts receivable for 2019, using year- end accounts recelvable were:
Transcribed Image Text:The following information was available for the year ended December 31, 2019: Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $300,000 210,000 15,000 18,000 60,000 70,000 The number of days' sales in accounts receivable for 2019, using year- end accounts recelvable were:
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