The financial statements of the Darlington Company report net sales of $500,000 and accounts receivable of $40,000
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Question:
The financial statements of the Darlington Company report net sales of $500,000 and accounts receivable of $40,000 and $20,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Darlington?
Accounts receivable turnover is Net Credit Sales/Average Net Accounts Receivable.
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