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Is the answer A- 8.80B-8.19C-5.82D-8.48E-7.66 Refer to the following selected financial information from Texas Electronics. Compute the company's accounts receivable turnover for Year 2. Year

Is the answer A- 8.80B-8.19C-5.82D-8.48E-7.66

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Refer to the following selected financial information from Texas Electronics. Compute the company's accounts receivable turnover for Year 2. Year 2 Year 1 Cash $ 37, 800 $ 32, 550 Short-term investments 93 , 000 61, 500 Accounts receivable, net 87 , 000 81, 000 Merchandise inventory 122, 500 126, 500 Prepaid expenses 12, 400 10 , 000 Plant assets 389 , 500 339, 500 Accounts payable 111, 900 109, 300 Net sales 712, 500 677, 500 Cost of goods sold 391, 500 376, 500 Multiple Choice 8.80 8.19

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