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The following is from the financial statements of Exquisite Ensembles: Net sales Accounts receivable (Dec 31) 2020 $1,260,000 92,800 2019 $1,020,000 88,000 2018 $850,000 84,200
The following is from the financial statements of Exquisite Ensembles: Net sales Accounts receivable (Dec 31) 2020 $1,260,000 92,800 2019 $1,020,000 88,000 2018 $850,000 84,200 Calculate Exquisite Ensembles' accounts receivable turnover for 2019 and 2020. Compare the two results and give a possible explanation for any significant change. Calculations: 2019 accounts receivable turnover
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
