A company reports the following: Sales $219,000 Average accounts receivable...
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Accounting
A company reports the following:
| Sales | $219,000 |
| Average accounts receivable (net) | 18,250 |
Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
| a. Accounts receivable turnover | fill in the blank ___ |
| b. Number of days' sales in receivables | fill in the blank ___ days |
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