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Accounts Receivable Analysis A company reports the following: Assume a 365-day year Accounts Receivable Analysis A company reports the following: Sales $1,511,100 Average accounts receivable
Accounts Receivable Analysis A company reports the following: Assume a 365-day year
Accounts Receivable Analysis A company reports the following: Sales $1,511,100 Average accounts receivable 65,700 (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 365-day year. a. b. Accounts receivable turnover Number of days' sales in receivables days
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