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Assume that SDS, Incorporated reported net sales of $950,000 in 2020. Net Accounts Receivable are $175,000 at December 31, 2020 and were $155,000 at December
Assume that SDS, Incorporated reported net sales of $950,000 in 2020. Net Accounts Receivable are $175,000 at December 31, 2020 and were $155,000 at December 31, 2019, respectively.
Blank 1: Calculate Accounts Receivable turnover (round to two decimal places)
Blank 2: On average, how many days does it take SDS;s customers to pay? (round to nearest WHOLE number)
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