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What are the accounts receivable turnover and the average collection period ? Required information (The following information applies to the questions displayed below.] Markus Company's
What are the accounts receivable turnover and the average collection period
Required information (The following information applies to the questions displayed below.] Markus Company's common stock sold for $2.25 per share at the end of this year The company paid a common stock dividend of $0.45 per share this year. It also provided the following data excerpts from this year's financial $ 29, eee $ 44,see $ 50,eee $ 43,see $ 48, lee $ 5B,eee $ 36,eee $ 93, see $ 5,500 $ 61,6eo statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income Ending Balance $ 127. lee $ 375, eee $ 51,eee $ lee,eee $ 108, eee $ 275,eee $ 375,eee Beginning Balance $ 138,6ee $ 36B,eee $ ge,eee $ les,eee $ 27B,eee $ 360, eee equity This Year $ 550,eee $ 319,eee $ 231, eeo
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