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10. (Accounts receivable ratios) A firm has annual sales of $9,000,000 and an average balance of accounts receivable of $500,000. What is the firms accounts

10. (Accounts receivable ratios) A firm has annual sales of $9,000,000 and an average balance of accounts receivable of $500,000. What is the firms accounts receivable turnover and average collection period if the percentage of its sales that is made on credit is:

a. 50%?

b. 75%?

c. 90%?

d. 100%?

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