If a firm has net sales of $400,000, annual cost of goods sold of $315,000, an inventory turnover of 4.5 times a year, and an accounts receivable turnover of five times a year, the combined investment in inventories and accounts receivable would be:
A) $64,500
B) $92,000
C) $122,500
D) $150,000

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The Answer of If a firm has net sales of $400,000, annual cost of goods sold of $315,000, an inventory turnover of 4.5 times a year, and an accounts receivable turnover of five times a year, the combined investment in inventories and accounts receivable would be:
A) $64,500
B) $92,000
C) $122,500
D) $150,000

If a Firm Has Net Sales of $400,000, Annual Cost