If a firm has net sales of $400,000, annual cost of goods

If a firm has net sales of $400,000, annual cost of goods

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:
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