The following data are taken from the comparative balance sheets of Duncan Data Storage Company. Calculate the

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The following data are taken from the comparative balance sheets of Duncan Data Storage Company. Calculate the accounts receivable turnover for 2023 and 2022 (round to two decimal places). Is the change favourable or unfavourable? Explain why. Compare Duncan’s turnover to the industry average turnover for 2023 of 4.2.


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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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