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The following information is taken from the records of Hanlan Corporation. Normal credit terms are 30 days. 2020 2019 2018 Net Credit Sales $250,000 $200,000
The following information is taken from the records of Hanlan Corporation. Normal credit terms are 30 days. 2020 2019 2018 Net Credit Sales $250,000 $200,000 $190,000 Accounts Receivable 16,450 23,040 31,008 Required a) Calculate the accounts receivable turnover (ART) ratio for 2019 and 2020. Round your answers to two de
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