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Refer to the following selected financial information from Fennie's, LLC. Compute the company's accounts receivable turnover for Year 2. Year 2Year 1 Cash$ 37,900 $
Refer to the following selected financial information from Fennie's, LLC. Compute the company's accounts receivable turnover for Year 2.
Year 2Year 1 Cash$ 37,900 $ 32,650 Short-term investments94,000 62,000 Accounts receivable, net87,500 81,500 Merchandise inventory123,000 127,000 Prepaid expenses12,500 10,100 Plant assets390,000 340,000 Accounts payable111,400 109,800 Net sales713,000 678,000 Cost of goods sold392,000 377,000
Anserws: 7.59, 5.8, 8.44, 8.75, 8.15.
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