A company reports the following:
Sales $3,150,000
Average accounts receivable (net) 21...
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Business, 11.02.2020 05:28 jesuslovesusall3
A company reports the following:
Sales $3,150,000
Average accounts receivable (net) 210,000
Determine:
(a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
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Answers: 3
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