Business, 30.01.2020 00:57 TrueKing184

Procter & gamble is a multinational corporation that manufactures and markets many products that are probably in your home. last year, sales for the company were $76,476 (all amounts in millions). the annual report did not disclose the amount of credit sales, so we will assume that 90 percent of sales were on credit. the average gross profit rate was 52 percent on sales. account balances follow: beginning ending accounts receivable (net) $ 6,629 $ 5,725 inventory 6,819 6,291 required: compute the turnover for the accounts receivable and inventory. (round your intermediate calculations and final answer to 1 decimal place.)

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Procter & gamble is a multinational corporation that manufactures and markets many products tha...