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Unformatted text preview: 1,850,000 Cost of goods sold 1,775,000 (a) Calculate the "accounts receivable turnover ratio." (a) Calculate the "inventory turnover ratio." (c) If Stanley's competitors have a receivables turnover ratio of "6" and an inventory turnover ratio of "4," would you initially conclude that Stanley is better or worse than its competitors in managing receivables and inventory?...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11