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It takes The Cores Corp. an average of 61 days to sell its inventory and 40 days to collect its accounts receivable. The firm has
It takes The Cores Corp. an average of 61 days to sell its inventory and 40 days to collect its accounts receivable. The firm has sales of $597,700 and costs of goods sold of $420,800. What is the accounts receivable turnover ratio? (Hint: Use only what you need from the problem statement.) show your work.
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