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Exercise 192 Flite Corporation has issued common stock only. The company has been successful and has a gross profit rate of 20%. The information shown below was taken from the company's financial statements.

Beginning inventory
$ 482,000
Purchases
4,036,000
Ending inventory
?
Average accounts receivable
800,000
Average common stockholders' equity
3,500,000
Sales (all on credit) 5,000,000
Net income
385,000

Compute the following:
Accounts receivable turnover and the average collection period.?(Round answers to 2 decimal places, e.g. 52.75.)

Accounts receivable turnover
times
Average collection period?
days

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Inventory turnover and the days in inventory.?(Round answers to 1 decimal place, e.g. 52.7.)

Inventory turnover
times
Days in Inventory days

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Return on common stockholders' equity.

Return on common stockholders' equity
%

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