Camden Hardware's credit sales for the year were $320,000. Accounts receivable at the beginning and end of

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Camden Hardware\'s credit sales for the year were $320,000. Accounts receivable at the beginning and end of the year were $50,000 and $70,000, respectively.

a) Calculate the accounts receivable turnover rate.

b) Calculate the average collection period for the year.

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Aug 26, 2020 10:30 AM

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Camden Hardware's credit sales for the year were $320,000. Accounts receivable at the beginning and end of

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Intermediate Accounting

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