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Determine the number of days sales in receivables

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Reference no: EM132691589

Problem - A company reports the following:

Sales $960,000

Average accounts receivable (net) 48,000

Required -

(a) Determine the accounts receivable turnover and Round to one decimal place.

(b) Determine the number of days' sales in receivables. Round to one decimal place.

Reference no: EM132691589

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