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The following data are taken from the financial statements of Cullumber Company. 2020 2019 Accounts receivable (net), end of year $ 539,000 $ 541,000 Net
The following data are taken from the financial statements of Cullumber Company.
2020
2019
Accounts receivable (net), end of year $ 539,000 $ 541,000
Net sales on account 3,996,000 4,230,450
Terms for all sales are 1/10, n/45
Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $530,000
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Managerial Accounting
Authors: Carl S. Warren, William B. Tayler
16th Edition
0357715225, 9780357715222
