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Sunland Company had net credit sales of $5011000 and cost of goods sold of $3470000 for the year. The Accounts Receivable balances at the beginning
Sunland Company had net credit sales of $5011000 and cost of goods sold of $3470000 for the year. The Accounts Receivable balances at the beginning and end of the year were $580000 and $422200, respectively. The accounts receivable turnover was 8.6 times. 5.0 times. O 11.9 times. O 10.0 times
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