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Comparative Calendar-Year Financial Data for a Company Are Shown Below

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Comparative calendar-year financial data for a company are shown below.Calculate the following ratios for the company for 2018:
(a)accounts receivable turnover
(b)day's sales uncollected
(c)inventory turnover
(d)days' sales in inventory
2018‾2017 Sales $720,000$607,500 Cost of goods sold 450,000382,700 Operating expenses 168,500134,900 Net income 51,20051,700 December 31, December 31,2018‾2017‾ Accounts receivable (net) $157,500$162,500 Inventory 139,500110,500 Total assets 1,012,500944,800\begin{array} { | l | r | r | } \hline & \underline { 2018 } & { 2017 } \\\hline \text { Sales } & \$ 720,000 & \$ 607,500 \\\hline \text { Cost of goods sold } & 450,000 & 382,700 \\\hline \text { Operating expenses } & 168,500 & 134,900 \\\hline \text { Net income } & 51,200 & 51,700 \\\hline & & \\\hline & \text { December } 31 , & \text { December } 31 , \\\hline & \underline { 2018 } & \underline { 2017 } \\\hline \text { Accounts receivable (net) } & \$ 157,500 & \$ 162,500 \\\hline \text { Inventory } & 139,500 & 110,500 \\\hline \text { Total assets } & 1,012,500 & 944,800 \\\hline\end{array}

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