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Powers Company reported net sales of $1,240,000, average Accounts Receivable, net of $74,500, and net income of $52,725. The accounts receivable turnover ratio is Multiple

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Powers Company reported net sales of $1,240,000, average Accounts Receivable, net of $74,500, and net income of $52,725. The accounts receivable turnover ratio is Multiple Choice 31.3 times. 17.6 times. 15.6 times. 16.6 times. 0.60 times

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