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The following balance sheet information was provided by O'Connor Company: Assets Year 2 Year 1 Cash $ 3,000 $ 2,000 Accounts receivable 8,000 6,000 Inventory
The following balance sheet information was provided by O'Connor Company: Assets Year 2 Year 1 Cash $ 3,000 $ 2,000 Accounts receivable 8,000 6,000 Inventory $ 30,000 $ 31,000 Assuming that net credit sales for Year 2 totaled $155,000, what is the company's most recent accounts receivable turnover?
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