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What is accounts receivable turnover ratio for somerset co

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Reference no: EM132935438

Problem 1: Somerset Corporation just completed its fiscal year ended January 31, 2021. All sales were on account and totaled 400,000 for the year. The accounts receivable balance on February 1, 2020 was 40,000 and the balance was 85,000 on January 31, 2021. What is the accounts receivable turnover ratio?

Reference no: EM132935438

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