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Calculate accounts receivable turnover and days

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Question - The Villas Corporation had annual credit sales of $492,000 for 2020. Accounts receivable at the beginning of the year were $100,000 and they were $116,000 at the end of the year. Calculate accounts receivable turnover, and days (sales) in receivables for the year. What does this information tell you about Villas' ability to collect its receivables?

Reference no: EM132574613

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