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Cromley Corporation reports annual sales of $1,800,000. Its accounts receivable throughout the year averaged $150,000. a. Compute the company's accounts receivable turnover rate. b.
Cromley Corporation reports annual sales of $1,800,000. Its accounts receivable throughout the year averaged $150,000. a. Compute the company's accounts receivable turnover rate. b. Compute the average days outstanding of the company's accounts receivable. (Use 365 days a year. Round your answer decimal place.) a. Accounts receivable turnover rate b. Average days outstanding times days
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