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A company reports the following: Sales $ 9 9 8 , 6 4 0 Average accounts receivable ( net ) 5 2 , 5 6
A company reports the following:
Sales $
Average accounts receivable net
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 day year.
a Accounts receivable turnover fill in the blank
b Number of days' sales in receivables fill in the blank
days
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