Solution-Compute for each year the accounts receivable

Compute for each year the accounts receivable turnover

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Reference no: EM132472611

The following data are taken from the financial statements of Blossom Company.

2017 2016

Accounts receivable (net), end of year $ 550,000 $ 520,000

Net sales on account 4,500,000 3,900,000

Terms for all sales are 1/10, n/45

Question 1: Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $480,000. (Round answers to 1 decimal place, e.g. 12.5.)

Reference no: EM132472611

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Compute for each year the accounts receivable turnover

Reference no: EM132472611

Reference no: EM132472611

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