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ELLE XYZ's receivables turnover is 30x. The accounts receivable at year end are $550,000. The average collection period is 120 days. What was the sales
ELLE XYZ's receivables turnover is 30x. The accounts receivable at year end are $550,000. The average collection period is 120 days. What was the sales figure for the year assuming all sales are on credit? Multiple Choice $18,33 $16,500,000 $550,000 118.333
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