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    Using Financial Accounting
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    Exam 7: Receivables and Investments
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    If Ash Company Had Sales During the Year of $10,000,000,an
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If Ash Company Had Sales During the Year of $10,000,000,an

Question 86

Question 86

True/False

If Ash Company had sales during the year of $10,000,000,an average accounts receivable of $2,000,000,and net income of $500,000,its accounts receivable turnover ratio would be 0.25.

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