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Wechsler Company has net accounts receivable opening balance of $332,000 and ending balance of $388,000. The total sales amount for the year is $2,324,000, of
Wechsler Company has net accounts receivable opening balance of $332,000 and ending balance of $388,000. The total sales amount for the year is $2,324,000, of which 90% are on credit. Normal credit terms are 30 days. Calculate the day sales outstanding and the accounts receivable turnover
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