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Business, 15.04.2020 02:30 Maria3737

Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $760,000, respectively. The accounts receivable turnover was a. 7.4 times. b. 5.9 times. c. 11.2 times. d. 12.5 times.

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