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Given the following information, compute accounts receivable turnover: (Please round your answer to the 2nd decimal place.) Your Answer: Answer Question 20 (5 points) At

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Given the following information, compute accounts receivable turnover: (Please round your answer to the 2nd decimal place.) Your Answer: Answer Question 20 (5 points) At the end of the current year, Accounts Receivable has a balance of $550,000; Allowance for Doubtful Accounts has a credit balance of $5,500, and sales for the year total $2,500,000. An analysis of receivables estimates uncollectible recervables as $25,000. Detennine the net realizable value of accounts receivable after adfustment. (Hint. Determine the amount of the adjusting entry for bad debt expense and the adjusted balance of Allowance of Doubtful Accounts) Your

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