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A company reports the following: Sales $547,865 Average accounts receivable (net) 69,350 Determine (a) the accounts receivable turnover and (b) number of days' sales in
A company reports the following: Sales $547,865 Average accounts receivable (net) 69,350 Determine (a) the accounts receivable turnover and (b) number of days' sales in receivables. Round your answers to one decimal place. Assume a 365-day year.
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