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Can anyone help me with this problem? Thanks! 3. nc. reported net sales revenue of $511,000 in 2015 and $622,000 in 2016. The company's average
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3. nc. reported net sales revenue of $511,000 in 2015 and $622,000 in 2016. The company's average Geise net receivables were $127,000 during 2014 and $135,000 during 2015. At December 31, 2016, the company had Accounts Receivable of $160,000. and an unadjusted debit balance in its Allowance for Doubtful Accounts account of $1,700. The company reported Bad Debt Expense of $8,610 during 2016. Required: a. Determine the net receivables at December 31, 2016. Net receivables b. Calculate the receivables turnover ratio for 2015 and 2016. (Round your intermediate calculations and final answers to 1 decimal place. Use 365 days a year. 2015 2016 Accounts Receivable Turnover Ratio
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