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What would the correct answers be? QS 7-21 (Algo) Accounts receivable turnover LO A1 The following data are for Rocky Company. Current Year 1 Year
What would the correct answers be?
QS 7-21 (Algo) Accounts receivable turnover LO A1 The following data are for Rocky Company. Current Year 1 Year Ago Accounts receivable, net $ 155,200 $ 140,300 Net sales 951,105 1,000,600 (a) Compute Rocky's accounts receivable turnover. (b) If its competitor, Dixon, has an accounts receivable turnover of 8, which company appears to be doing a better job of managing its receivables? Complete this question by entering your answers in the tabs below. Required A Required B Compute Rocky's accounts receivable turnover. Accounts Receivable Turnover Choose Denominator: Choose Numarator 1 1 1 Accounts Receivablo Turnover Accounts receivable turnover times Required Required B > Step by Step Solution
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