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he following data are taken from the financial statements of Cullumber Company. 2021 2020 Accounts receivable, end of year $ 585,700 $ 587,000 Net credit
he following data are taken from the financial statements of Cullumber Company.
| 2021 | 2020 | |||
|---|---|---|---|---|
| Accounts receivable, end of year | $ 585,700 | $ 587,000 | ||
| Net credit sales | 3,928,545 | 3,270,000 | ||
| Terms for all sales are 1/10, n/60. |
(a1)
Calculate for each year the receivable turnover. At the end of 2019, accounts receivable was $503,000.
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Retirement Income Recipes In R From Ruin Probabilities To Intelligent Drawdowns
Authors: Moshe Arye Milevsky
1st Edition
3030514331, 9783030514334
