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E8.17 (LO 4) Laskova A/S had accounts receivable of 100,000 on January 1,2025 . The...

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Accounting

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E8.17 (LO 4) Laskova A/S had accounts receivable of 100,000 on January 1,2025 . The only transactions that affected accounts receivable during 2025 were net credit sales of 1,000,000, cash collections of 920,000, and accounts written off of 30,000. Instructions a. Compute the ending balance of accounts receivable. b. Compute the accounts receivable turnover for 2025 . c. Compute the average collection period in days

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