The following information pertains to Skelton Resorts: Required Compute Skelton's receivables turnover ratio, days-in-receivables ratio, and allowance
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Compute Skelton's receivables turnover ratio, days-in-receivables ratio, and allowance ratio.
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Credit sales Net accounts receivable, beginning Net accounts receivable, ending Allowance for bad debts, ending $450,000 63,000 54,000 5,000
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