Knowlton Company had net sales of $3,906,000. Knowlton had the following balances: Required: 1. Calculate the average

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Knowlton Company had net sales of $3,906,000. Knowlton had the following balances:

Knowlton Company had net sales of $3,906,000. Knowlton had the

Required:
1. Calculate the average accounts receivable.
2. Calculate the accounts receivable turnover ratio.
3. Calculate the accounts receivable turnover in days.

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Cornerstones of Managerial Accounting

ISBN: 978-1305103962

6th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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