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Compute grossfeld company receivables turnover

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Reference no: EM13511688

In 2012, Grossfeld Company has net credit sales of $1,600,000 for the year. It had a beginning accounts receivable (net) balance of $108,000 and an ending accounts receivable (net) balance of $120,000. Compute Grossfeld Company's

(a) Receivables turnover and
(b) Average collection period in days.

Reference no: EM13511688

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