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Skip's Repair Shop has an average accounts receivable of $8,647. Sales for the year were $16,144. What is the shop's accounts receivable turnover? Using this
Skip's Repair Shop has an average accounts receivable of $8,647. Sales for the year were $16,144. What is the shop's accounts receivable turnover? Using this answer, compute the average collection period. (Assume a 365-day year.) The accounts receivable turnover is: (Select the best choice below.) O A. 1.72 OB. 1.89 O C. 1.87 O D. 1.59 O E. 1.98
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