The following information was available for the year ended December 31, 2022: Required: a. Calculate the accounts

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The following information was available for the year ended December 31, 2022:

Required:
a. Calculate the accounts receivable turnover for 2022.

b. Calculate the number of days’ sales in accounts receivable for 2022, using year-end accounts receivable.

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Accounting What The Numbers Mean

ISBN: 9781264126743

13th Edition

Authors: David Marshall

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Question Posted: Oct 18, 2022 03:11 AM

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The following information was available for the year ended December 31, 2022: Required: a. Calculate the accounts

Question:

Net sales ...... Average accounts receivable for the year Accounts receivable at year-end ... $365,000 14,600 16,000

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a Accounts receivable turnover Sales average accounts receivab...View the full answer

Accounting What The Numbers Mean

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