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Please answer the attached question and show how calculation are done. 2017 $556,400 612,000 4,737,000 3,985,000 2016 Accounts receivable (net), end of year Net sales
Please answer the attached question and show how calculation are done.
2017 $556,400 612,000 4,737,000 3,985,000 2016 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $536,500. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Accounts receivable tumover timesStep by Step Solution
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