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Concord Corporation had accounts receivable of $ 108000 at 1/1. The only transactions affecting accounts receivable were sales of $ 1030000 and cash collections of

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Concord Corporation had accounts receivable of $ 108000 at 1/1. The only transactions affecting accounts receivable were sales of $ 1030000 and cash collections of $ 983500. The accounts receivable turnover is O 7.8 9.5 6.7. 7.4

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