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You have been asked to analyze MetaZoo's accounts receivable. Consider the following information for April: Beginning accounts receivable = $250,000; Ending accounts receivable = $153,400
You have been asked to analyze MetaZoo's accounts receivable. Consider the following information for April: Beginning accounts receivable = $250,000; Ending accounts receivable = $153,400 TOTAL April sales = $300,000 (includes cash sales of 10.0%) April cash collections of credit sales = $345,000 Compute the expected rate of uncollectible accounts receivable O 5.0% O 8.0% O 14.5% 0 17.2% 0 None of the other answers are correct
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