Berman Company reported the following financial information: 12/31/12 12/31/11 ...
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Accounting
Berman Company reported the following financial information:
12/31/12 12/31/11
Accounts receivable $ 320,000 $ 360,000
Net credit sales 2,550,000 2,420,000
Instructions:
Compute for period for 2012:
(a) Receivables turnover
(b) Average collection
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