Premier Corp. has sales of $870,539, and cost of goods sold equal to 74 percent of sales. Assume all

Premier Corp. has sales of $870,539, and cost of goods sold equal to 74 percent of sales. Assume all sales are credit sales. If the firm’s accounts receivable total $138,135 and its operating cycle is 71.1 days, how much inventory does the firm have?If you want the formulas and any calculations, select the corresponding cell and press F2(Function Key on key board),It will show all calculations and formulas AutomaticallyQuestion :Premier…