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Huge Cart Inc. gives you the following information pertaining to the year 2014. Sales Revenue (all credit sales) Sales Returns and Allowances Cost of goods
Huge Cart Inc. gives you the following information pertaining to the year 2014. Sales Revenue (all credit sales) Sales Returns and Allowances Cost of goods sold $ 850,000 50,000 500,000 Accounts Receivable, Ending Balance 100,000 Average Accounts Receivable 75,000 Net income 150,000 The accounts receivable turnover for Huge Cart Inc. is:
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