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What is the accounts receivable turnover for year two

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Reference no: EM133129464

Question - A company has the following financial information:

 

Year 1

Year 2

Gross sales

$55,000

$110,000

Sales return and allowances

$5,000

$9,000

Accounts receivable

$4,000

$7,500

Required - What is the accounts receivable turnover for Year 2, rounded to the nearest 1 decimal place?

Reference no: EM133129464

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