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Camden Hardware's credit sales for the year were $351,000. Accounts receivable at the beginning and end of the year were $44,000 and $64,000, respectively. a.
Camden Hardware's credit sales for the year were $351,000. Accounts receivable at the beginning and end of the year were $44,000 and $64,000, respectively. a. Calculate the accounts receivable turnover ratio b. Calculate the average collection period for the year. (Round your answers to 2 decimal places. Use 365 days a year) Receivables Turnover Ratio Choose Numerator: Choose Denominator - Receivables Turnover Ratio a. : Receivables turnover ratio times Average collection peri Choose Numerator: Choose Denominator Average collection period Average collection period b. days
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