Chapter 1, Problem 1.10E

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Summit Gear has an accounts receivable balance at the end of 2022 of $412,650. The net credit sales for the year are $892,740. The balance at the end of 2021 was $389,200. What is the accounts receivable turnover rate for 2022?

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Arlington Corp.'s stock was purchased six months ago at a price of $38.20 per share. You bought 100 shares at that time. The company pays a quarterly dividend of $0.10 per share. Today, you sold all your shares for $40.75 per share. What is the total amount of your capital gains on this investment?solve this

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