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For two recent years, Robinhood Company reported the following: 20Y9 20Y8 Sales $8,646,000 $7,312,500 Accounts receivable: Beginning of year 660,000 590,000 End of year 650,000
For two recent years, Robinhood Company reported the following:
| 20Y9 | 20Y8 | |
| Sales | $8,646,000 | $7,312,500 |
| Accounts receivable: | ||
| Beginning of year | 660,000 | 590,000 |
| End of year | 650,000 | 660,000 |
a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place.
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
