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Ortiz Lumber Yard has a current accounts receivable balance of $377,615. Credit sales for the year just ended were $2,949,600. Required: (a) What is the
| Ortiz Lumber Yard has a current accounts receivable balance of $377,615. Credit sales for the year just ended were $2,949,600. |
| Required: |
| (a) | What is the receivables turnover? |
| (b) | What is the days' sales in receivables? |
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Asset Allocation And International Investments
Authors: G. Gregoriou
1st Edition
023001917X,0230626513
