A company reports the following: Net sales $900,000 Average accounts receivable (net) $ 50,000 Determine the (a)
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Question:
A company reports the following:
Net sales $900,000
Average accounts receivable (net) $ 50,000
Determine the
(a) accounts receivable turnover, and
(b) a number of days’ sales in receivables? Round your answer to one digit after the decimal place.
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