A company shows the following profile: current year credit sales is $300,000 credit sales returns...
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Accounting
A company shows the following profile: current year credit sales is $300,000 credit sales returns and allowances is $20,000 sales discount on credit sales is $10,000 accounts receivable is $60,000 allowance for doubtful accounts is $10,000 The prior year accounts receivable is $70,000 and allowance for doubtful accounts is $20,000. What is the current year accounts receivable turnover ratio?
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