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Refer to the following selected financial information from Texas Electronics. Compute the company's accounts receivable turnover for Year 2. Cash Short-term investments Accounts receivable, net

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Refer to the following selected financial information from Texas Electronics. Compute the company's accounts receivable turnover for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 39,400 $ 34,150 109,000 69,500 95,000 89,000 130,500 134,500 14,000 11,600 397,500 347,500 103,900 117,300 720,500 685,500 399,500 384,500 Multiple Choice O 8.10. o 5.52 7.83. O 6.61. 7.58

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