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Using the following year-end information, compute accounts receivable turnover for Year 2. Year 2: Sales are $93,150; average accounts receivable is $11,500. Year 1: Sales
Using the following year-end information, compute accounts receivable turnover for Year 2. Year 2: Sales are $93,150; average accounts receivable is $11,500. Year 1: Sales are $78,000; average accounts receivable is $10,000. a. 45.1 b. 8.1 c. 7.8 d. 46.8
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