EBK FINANCIAL ACCOUNTING: AN INTRODUCTI
14th Edition
ISBN: 8220100453953
Author: Francis
Publisher: YUZU
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Boom Lay Corp, has a current accounts receivable balance of $327,815. Credit sales for the year just ended were $4,238,720. What is the receivables turnover? What is the day's sales in receivables? How long did it take on average for credit customers to pay off their accounts during the past year?(general Account)
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