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How do compute the accounts receivable turnover

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Reference no: EM132838718

Shelly Company reported the following financial information:

                                              12/31/17                 12/31/16

Accounts receivable         $ 340,000                     $ 360,000

Net credit sale           s $ 2,450,000                $ 2,420,000

Problem 1: Compute (a) the accounts receivable turnover and (b) the average collection period for 2017.

Reference no: EM132838718

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