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What is the math behind the given equation

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Question: What is the accounts receivable turnover using the following data?

Accounts receivable, January 1 - $36,000; accounts receivable, December 31 - $48,000; gross sales - $240,000; sales returns and allowances - $30,000; net sales - $210,000

What is the math behind this equation?

Reference no: EM132720350

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