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Question 4 The following data are taken from the financial statements of Colby Company 2019 Accounts receivable (net), end of year Net sales on account
Question 4 The following data are taken from the financial statements of Colby Company 2019 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 2020 $570,000 3,940,500 $495,000 3,053,500 (1) Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $490,000. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Accounts receivable turnover times times
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