A company reports the following: Sales ..................................................$6,862,000 Average accounts receivable (net)......365,000 Determine (a) The accounts receivable turnover

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A company reports the following:

Sales ..................................................$6,862,000
Average accounts receivable (net)......365,000

Determine 

(a) The accounts receivable turnover 

(b) The number of days’ sales in receivables.

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Financial Accounting

ISBN: 9781337913102

16th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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