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A corporation has provided the following data: Accounts receivable Inventory Sales on account Cost of goods sold This Year Last Year $107,000 $108,000 $179,000 $187,000 $843,000 $591,000 The accounts receivable turnover for this year is closest to: 7.84 4.61 ○ 6.73 O 3.23 Previous Guidelines

A corporation has provided the following data: Accounts receivable Inventory Sales on account Cost of goods sold This Year Last Year $107,000 $108,000 $179,000 $187,000 $843,000 $591,000 The accounts receivable turnover for this year is closest to: 7.84 4.61 ○ 6.73 O 3.23 Previous Guidelines

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A corporation has provided the following data: Accounts receivable Inventory Sales on account Cost of goods sold This Year Last Year $107,000 $108,000 $179,000 $187,000 $843,000 $591,000 The accounts receivable turnover for this year is closest to: 7.84 4.61 ○ 6.73 O 3.23 Previous Guidelines
Transcribed Image Text:A corporation has provided the following data: Accounts receivable Inventory Sales on account Cost of goods sold This Year Last Year $107,000 $108,000 $179,000 $187,000 $843,000 $591,000 The accounts receivable turnover for this year is closest to: 7.84 4.61 ○ 6.73 O 3.23 Previous Guidelines
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