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What is the accounts receivable turnover

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Problem 1: Based on the following data for the current year, what is the accounts receivable turnover?

Net sales on account during year $500,000

Cost of merchandise sold during year 300,000

Accounts receivable, beginning of year 45,000

Accounts receivable, end of year 35,000

Inventory, beginning of year 90,000

Inventory, end of year 110,000

Reference no: EM132832446

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