Question

Taking into consideration the following data of company A which is the gross margin of the...

Taking into consideration the following data of company A which is the gross margin of the company for 20X2?

20X2

20X1

Inventory

700,000

500,000

Inventories turnover ratio

35

Accounts receivables

1,200,000

1,000,000

Receivables turnover ratio

40

Select one:

a. 23,500,000

b. 23,000,000

c. 21,000,000

d. 21,500,000

e. 22,500,000

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