Based on the following data for the current year, what is the accounts receivable turnover? Net...

 

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Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $570,553 195,492 40,289 47,383 98,851 112,058 Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $570,553 195,492 40,289 47,383 98,851 112,058

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To calculate the accounts receivables turnover we use the following formu... View the full answer