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The financial statements of Clark & Powell report net credit sales of $2 million. Accounts receivable are $270,000 at the beginning of the year and
The financial statements of Clark & Powell report net credit sales of $2 million. Accounts receivable are $270,000 at the beginning of the year and $280,000 at the end of the year.
- Calculate Clark & Powells accounts receivable turnover
- Calculate Clark & Powells collection period for accounts receivable in days.
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