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andreev551 [17]
3 years ago
14

Nash's Trading Post, LLC had a balance in the Accounts Receivable account of $761000 at the beginning of the year and a balance

of $841000 at the end of the year. Net credit sales during the year amounted to $3204000. The accounts receivable turnover was
Business
1 answer:
WARRIOR [948]3 years ago
8 0

Answer:

4

Explanation:

receivable turnover = net credit sales / average inventory

avarage iventory = ($761000 + $841000)  / 2 = $801,000

$3,204,000 / $801,000 =  4

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