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The following balance sheet information was provided by O'Connor Company: Assets Cash Accounts receivable Inventory Year 2 $4,000 $9,000 $40,000 Year 1 $3,000 $7,000 $41,000
The following balance sheet information was provided by O'Connor Company: Assets Cash Accounts receivable Inventory Year 2 $4,000 $9,000 $40,000 Year 1 $3,000 $7,000 $41,000 Assuming that net credit sales for Year 2 totaled $165,000, what is the company's most recent accounts receivable turnover? Multiple Choice 23.57 times 18.33 times 10.31 times 20.63 times
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