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The Sheffield Kitchen Cabinets Store had net credit sales of $2884200 and cost of goods sold of $3100000 for the year. The Accounts Receivable balances
The Sheffield Kitchen Cabinets Store had net credit sales of $2884200 and cost of goods sold of $3100000 for the year. The Accounts Receivable balances at the beginning and end of the year were $610000 and $701000, respectively. The receivables turnover ratio was 4.1 times. 44 times. O 4.7 times. O 4.7 times
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