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Acc291, problem Broadening Your Perspective 8-1, it is online with correct answers, but show me the work, how this number was calculated please? Calculate the
Acc291, problemBroadening Your Perspective 8-1, it is online with correct answers, but show me the work, how this number was calculated please?
Calculate the accounts receivable turnover and average collection period for 2011. (Use Net Product Sales. Assume all sales were credit sales.)(Round answers to 1 decimal place, e.g. 15.2.)Accounts receivable turnover | 13.3 | times |
Average collection period | 27.4 | days |
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