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Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent
Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent years:
Year Year
Sales $ $
Accounts receivable
Assume that accounts receivable were $ at the beginning of Year
a Compute the accounts receivable turnover for Year and Year Round your answer to one decimal place.
Year : fill in the blank
Year : fill in the blank
b Compute the days' sales in receivables for Year and Year Round interim calculations and final answers to one decimal place. Use days per year in your calculations.
Year : fill in the blank
days
Year : fill in the blank
days
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