Saved Leary Corporation had net credit sales during the year of $1,200,000 and cost of...
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Saved Leary Corporation had net credit sales during the year of $1,200,000 and cost of goods sold of $720,000. The balance in accounts receivable at the beginning of the year was $120,000 and at the end of the year was $180,000. What was the accounts receivable turnover? 1) 8.0 2) 10.0 3) 6.7 4) 4.8
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