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The following data are for Rocky Company. Accounts receivable, net Net sales Current Year $ 156,200 1,001,105 1 Year Ago $ 141,300 1,050,600 (a)
The following data are for Rocky Company. Accounts receivable, net Net sales Current Year $ 156,200 1,001,105 1 Year Ago $ 141,300 1,050,600 (a) Compute Rocky's accounts receivable turnover. (b) If its competitor, Dixon, has an accounts receivable turnover of 9, which company appears to be doing a better job of managing its receivables? Complete this question by entering your answers in the tabs below. Required A Required B Compute Rocky's accounts receivable turnover. Choose Numerator: Accounts Receivable Turnover Choose Denominator: = Accounts Receivable Turnover = = Accounts receivable turnover times
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