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2022 2021 Accounts receivable (net), end of year $555,000 $550,000 Net sales on account 4,033,250 3,065,250 Terms for all sales are 1/10, n/45 (a1)
2022 2021 Accounts receivable (net), end of year $555,000 $550,000 Net sales on account 4,033,250 3,065,250 Terms for all sales are 1/10, n/45 (a1) Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable (net) was $455,000. (Round answers to 1 decimal place, eg. 1.6.) Accounts receivable turnover 2022 times 2021 times
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th edition
978-0133851151, 013385115X, 978-0133866889
