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Compute accounts receibable turnover and average collection

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Reference no: EM133010695

Shelly company reported the following financial information

12/31/17

Acct recievable $ 340,000

Net credit Sale 2,450,000

12/31/2016

Account recievable 360,000

Net credit sale 2,420,000

Problem 1: Compute the accounts receibable turnover and the average collection period for 2017

Reference no: EM133010695

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