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Determine the days sales outstanding ratio

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Problem - At the end of 2018, accounts receivable amounted to $189,000. At the beginning of the year it was $183,000. Net credit sales for the year amounted to $802,000 and net income was calculated to be $169,000.

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

Reference no: EM132838450

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