Question
A company reports the following: Net sales $900,000 Average accounts receivable (net) $ 50,000 Determine the (a) accounts receivable turnover, and (b) a number of
A company reports the following:
Net sales $900,000
Average accounts receivable (net) $ 50,000
Determine the
(a) accounts receivable turnover, and
(b) a number of days’ sales in receivables? Round your answer to one digit after the decimal place.
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Get StartedRecommended Textbook for
Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
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