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Mike McKinney Corporation had accounts receivable of $100,000 at 1/1. The only transactions affecting accounts receivable were sales of $600,0 and cash collections of
Mike McKinney Corporation had accounts receivable of $100,000 at 1/1. The only transactions affecting accounts receivable were sales of $600,0 and cash collections of $550,000. The accounts receivable turnover is a. 6.0. b. 4.4. Oc. c. 4.8. O d. 4.0.
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