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Accounts Recelvabie Turnover and Days Sales in Receivabies Quasar, Inc. reported the following: Year 2 Year 1 Sales Accounts receivable Assume that accounts receivable were
Accounts Recelvabie Turnover and Days Sales in Receivabies Quasar, Inc. reported the following: Year 2 Year 1 Sales Accounts receivable Assume that accounts receivable were $197,100 at the beginning of Year 1 a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place. Year 2: Year 1: b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations Year 2: Year 1: $1,921,360 $1,952,750 175,200 167,900 days days
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