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CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 8-17 (Part Level Submission) Novak Corp. had accounts receivable of $140,000 on January 1, 2019. The only transactions
CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 8-17 (Part Level Submission) Novak Corp. had accounts receivable of $140,000 on January 1, 2019. The only transactions that affected accounts receivable during 2019 were net credit sales of $3,795,000, cash collections of $3,725,000, and accounts written off of $20,000 Your answer is correct. Compute the ending balance of accounts receivable. 190000 Ending balance of accounts receivable Click if you would like to show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used CALCULATOR (b) FULL SCREEN PRINTER VERSION Your answer is correct. Compute the accounts receivable turnover for 2019. (Round answer to o decimal places, e.g. 25.) Accounts receivable turnover 23 Click if you would like to show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 2 of 3 used (c) Compute the average collection period in days. (Round answer to 1 decimal place, e.g. 2.5. Use 365 days for calculations.) Average collection period days Click if you would like to show Work for this question: Open Show Work
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