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On December 31, 2023, Mars Company has net accounts receivable of $300,000. Sales amounted to $1,200,000 of which $200,000 are cash sales while the remaining
On December 31, 2023, Mars Company has net accounts receivable of $300,000. Sales amounted to $1,200,000 of which $200,000 are cash sales while the remaining represents net credit sales. Net accounts receivable for 2022 is $200,000. The accounts receivable turnover for Mars Company for year 2023 is: Select one: O a 5 times O b. 6 times c. 4 times d. None of the available choices
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