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Accounts Receivable Analysis A company reports the following Net sales Average accounts receivable (net) Determine (a) the accounts receivable turnover and (b) the number of
Accounts Receivable Analysis A company reports the following Net 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 365-day year a. Accounts receivable turnover b. Number of days' sales in receivables $1,073,100 71,540 days
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