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Selected Data for Ocean Fish Sales Appear Below: All

Question 20

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Selected data for Ocean Fish Sales appear below: Selected data for Ocean Fish Sales appear below: All sales are made on credit. Instructions Calculate the following ratios for 2020: (a) Inventory turnover (b) Days in inventory (c) Receivables turnover (d) Average collection period All sales are made on credit.
Instructions
Calculate the following ratios for 2020:
(a) Inventory turnover
(b) Days in inventory
(c) Receivables turnover
(d) Average collection period

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