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Determine the days sales outstanding ratio

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Question - At the end of 2020, accounts receivable for Kopycat Interiors amounted to $212,000. At the beginning of the year it was $165,000. Net credit sales for the year amounted to $722,000 and net income was calculated to be $172,000.

Determine the days sales outstanding ratio and the accounts receivable turnover ratio.

Reference no: EM132613404

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