Ratio Analysis} Diviney Corporation's net sales and average net trade accounts receivable were ($ 8,750,000) and ($

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Ratio Analysis}

Diviney Corporation's net sales and average net trade accounts receivable were $\$ 8,750,000$ and $\$ 630,000$, respectively.

\section*{Required:}

Calculate Diviney's accounts receivable turnover and average collection period.

\section*{Cornerstone Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 07, 2024 01:20 AM

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Ratio Analysis} Diviney Corporation's net sales and average net trade accounts receivable were ($ 8,750,000) and ($

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Cornerstones Of Financial Accounting

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