Diviney Corporations net sales and average net trade accounts receivable were $8,750,000 and $630,000, respectively. Required: Calculate

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Diviney Corporation’s net sales and average net trade accounts receivable were $8,750,000 and $630,000, respectively.
Required:
Calculate Diviney’s accounts receivable turnover. Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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