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    Fundamental Accounting Principles Study Set 5
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    Exam 9: Accounting for Receivables
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    A Company Had Net Sales of $500,000 and an Average
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A Company Had Net Sales of $500,000 and an Average

Question 126

Question 126

True/False

A company had net sales of $500,000 and an average accounts receivable of $80,000. Its accounts receivable turnover equals 6.25.

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