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A company reports the following: Sales $519,760 Average accounts receivable (net) 64,970 Determine (a) the accounts receivable turnover and (b) the number of days' sales
A company reports the following: Sales $519,760 Average accounts receivable (net) 64,970 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
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