Question

1. Gross profit: To calculate the gross profit for 20X1, we need to subtract the cost of goods sold from the net sales. Unfortunately, the cost of goods sold is not provided in the given texts, so we cannot determine the gross profit. 2. Number of days sales in average receivables: To calculate the number of days sales outstanding in average receivables for 20X1, we need to divide the net accounts receivable at December 31, 20X1 by the average daily sales. However, the average daily sales are not provided in the given texts, so we cannot determine the number of days sales outstanding in average receivables. 3. Number of days sales in average inventories: To calculate the number of days sales outstanding in average inventories for 20X1, we need to divide the inventories at December 31, 20X1 by the average daily cost of goods sold. However, the average daily cost of goods sold is not provided in the given texts, so we cannot determine the number of days sales outstanding in average inventories.

          1. Gross profit:
To calculate the gross profit for 20X1, we need to subtract the cost of goods sold from the net sales. Unfortunately, the cost of goods sold is not provided in the given texts, so we cannot determine the gross profit.

2. Number of days sales in average receivables:
To calculate the number of days sales outstanding in average receivables for 20X1, we need to divide the net accounts receivable at December 31, 20X1 by the average daily sales. However, the average daily sales are not provided in the given texts, so we cannot determine the number of days sales outstanding in average receivables.

3. Number of days sales in average inventories:
To calculate the number of days sales outstanding in average inventories for 20X1, we need to divide the inventories at December 31, 20X1 by the average daily cost of goods sold. However, the average daily cost of goods sold is not provided in the given texts, so we cannot determine the number of days sales outstanding in average inventories.

Added by Harry B.

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