The Following Data Are Taken from the Comparative Balance Sheets

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The following data are taken from the comparative balance sheets of Gayle Company. Compute and interpret its accounts receivable turnover for Year 2. Competitors average a turnover of 7.5. How is the company doing in relation to its competitors? The following data are taken from the comparative balance sheets of Gayle Company. Compute and interpret its accounts receivable turnover for Year 2. Competitors average a turnover of 7.5. How is the company doing in relation to its competitors?

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