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Please solve this problem In 2017, Bonita Industries has net credit sales of $1, 472, 900 for the year. It had a beginning accounts receivable
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In 2017, Bonita Industries has net credit sales of $1, 472, 900 for the year. It had a beginning accounts receivable (net) balance of $99, 800 and an ending accounts receivable (net) balance of $120, 800. Compute Bonita Industries' receivables turnover. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover __________ times Calculate Bonita Industries' average collection period in days. (Round answers to 1 decimal place, e.g. 12.5.) Average collection period in days _________ daysStep by Step Solution
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