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The following data are taken from the financial statements of McKee Technology Inc. Terms of all sales are 2/10, n /60. Determine tor each year

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The following data are taken from the financial statements of McKee Technology Inc. Terms of all sales are 2/10, n /60. Determine tor each year (1) the accounts receivable turnover and (2) the number of days sales in receivables. Round to nearest dollar and one decimal place. What conclusions can be drawn from these data concerning accounts receivable and credit policies

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