A company had total sales of $950,000, net sales of $910,400, and average accounts receivable of $124,000.

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A company had total sales of $950,000, net sales of $910,400, and average accounts receivable of $124,000. Its accounts receivable turnover equals (round ratio to two decimal places, i.e. 2.745 would equal 2.75 ?

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Fundamentals Of Financial Accounting

ISBN: 9781265440169

7th Edition

Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby

Posted Date: Apr 19, 2023 05:57 AM

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A company had total sales of $950,000, net sales of $910,400, and average accounts receivable of $124,000.

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Accounts receivable turnover is calculated by dividing the net sa... View the full answer

Fundamentals Of Financial Accounting

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