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Jeddah Imports Company had net credit sales during the year of SR 80,000 and cost of goods sold of SR 50,000. The balance in accounts
Jeddah Imports Company had net credit sales during the year of SR 80,000 and cost of goods sold of SR 50,000. The balance in accounts receivable at the beginning of the year was SR25, 000, and the end of the year it was SR25, 000. What were the accounts receivable turnover ratio and the average collection period in days?
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