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QS 7-12 Accounts receivable turnover LO A1 The following data are taken from the comparative balance sheets of Ruggers Company. Accounts receivable, net Net sales
QS 7-12 Accounts receivable turnover LO A1 The following data are taken from the comparative balance sheets of Ruggers Company. Accounts receivable, net Net sales 2017 2016 $ 155,200 $ 140,300 951,105 1,000,600 Complete the below table to calculate the accounts receivable turnover for the year 2017. Answer is complete but not entirely correct. Accounts Receivable Turnover Choose Numerator: Choose Denominator: a Accounts Receivable Turnover Accounts receivable turnover 4.2 times Net sales $ 951,105 Average accounts receivable, net $ 225,350 =
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