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A company reports the following: Sales $428,875 Average accounts receivable (net) 91,250 Determine the (a) accounts receivable turnover, and (b) number of days' sales in
A company reports the following: Sales $428,875 Average accounts receivable (net) 91,250 Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days
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