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Refer to the following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover for Year 2. Year 2 Year 1 Cash
Refer to the following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover for Year 2. Year 2 Year 1 Cash Short-term investments $ 38,300 $ 33,050 98,000 64,000 Accounts receivable, net 89,500 83,500 Merchandise inventory 125,000 129,000 Prepaid expenses 12,900 10,500 Plant assets 392,000 342,000 Accounts payable 109,400 111,800 Net sales 715,000 680,000 Cost of goods sold 394,000 379,000 Multiple Choice 7.99. 5.72. 730 7.30.
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