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Can you sneer this questions? Use the following information for questions 1920: The nancial statements of Colter Manufacturing Company report net sales of $400,000 and

Can you sneer this questions?

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Use the following information for questions 1920: The nancial statements of Colter Manufacturing Company report net sales of $400,000 and accounts receivable of $80,000 and $40,000 at the beginning and end of the year, respectively. 19. What is the receivables turnover ratio for Colter? a. 6.7 times b. 10 times c. 5 times d. 8 times 20. What is the average collection period for accounts receivable in days? a. 40 times b. 80 times c. 54.7 times d. 50 times

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