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A company reports the following information for the year. Net credit sales Average accounts receivable Cash collections on credit sales $110,000 13,000 97,000 What is
A company reports the following information for the year. Net credit sales Average accounts receivable Cash collections on credit sales $110,000 13,000 97,000 What is the company's receivables turnover ratio? (Round your answer to 1 decimal place.) Multiple Choice 85 7.5 O 0.1 16.5
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
