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In 2018, Johnson Corporation had net credit sales of $923,795 for the year. The company had beginning accounts receivable (net) balance of $38,275 and an
In 2018, Johnson Corporation had net credit sales of $923,795 for the year. The company had beginning accounts receivable (net) balance of $38,275 and an ending accounts receivable (net) balance of $35,988. Compute the company's (a) accounts receivable turnover and (b) average collection period in days.
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