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Steinkraus Corporation has provided the following data: This Year Last Year Accounts receivable $104,000 $115,000 Inventory $195,000 $174,000 Sales on account $886,000 Cost of goods
Steinkraus Corporation has provided the following data: This Year Last Year Accounts receivable $104,000 $115,000 Inventory $195,000 $174,000 Sales on account $886,000 Cost of goods sold $622,000 Required: Compute the accounts receivable turnover for this year. Show your work
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