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Remington Corporation had accounts receivable of $100,000 at 1/1. The only transactions affecting accounts receivable...

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Accounting

Remington Corporation had accounts receivable of $100,000 at 1/1. The only transactions affecting accounts receivable were sales of $750,000 and cash collections of $700,000. The accounts receivable turnover is

Select one:

a. 5.0

b. 5.5

c. 6.0

d. 7.5

Answer & Explanation Solved by verified expert
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