Based on the Following Data and Using a 365-Day Year,compute

question 150

Essay

Based on the following data and using a 365-day year,compute (a)the accounts receivable turnover and (b)the number of days' sales in receivables for year 2 to 2 decimal places.The industry average turnover is 20 times during the year,and the number of days' sales in receivables averages 25.(c)Comment on this situation.

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