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LAM Co. has an accounts receivable balance at the end of 2018 of $343,480. The net credit sales for the year are $780,750 The balance

LAM Co. has an accounts receivable balance at the end of 2018 of $343,480. The net credit sales for the year are $780,750 The balance at the end of 2017 was $339,750. What is the accounts receivable turnover rate for 2018 (rounded to two decimal places)? Your

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