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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 | $ 37,900 | $ 32,650 |
Short-term investments | 94,000 | 62,000 |
Accounts receivable, net | 87,500 | 81,500 |
Merchandise inventory | 123,000 | 127,000 |
Prepaid expenses | 12,500 | 10,100 |
Plant assets | 390,000 | 340,000 |
Accounts payable | 111,400 | 109,800 |
Net sales | 713,000 | 678,000 |
Cost of goods sold | 392,000 | 377,000 |
8.75.
8.44.
5.80.
8.15.
7.59.
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