Consider the following information for a particular company and calculate the following: Accounts receivable turnover. Sales $26,800,120 Cost of goods sold 18,925,000 Beginning inventory 48,612 Ending inventory 51,644 Beginning accounts receivable 2,679,112 Beginning allowance for bad debts (120,560) Ending accounts receivable 2,845,591 Ending allowance for bad debts (113,824)

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A: Issued Shares: 45,000 shares were originally issued.Reacquired Shares (Treasury Shares): 5,000…