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ABC Company has an average collection period of 18 days and annual sales of $694,000. 1. What is the Accounts Receivable Turnover? 2. What is

ABC Company has an average collection period of 18 days and annual sales of $694,000.

1. What is the Accounts Receivable Turnover?

2. What is the amount of Accounts Receivable as shown on the balance sheet?

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