Using the following data, calculate this company’s accounts receivable turnover.Accounts receivable balance, December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 54,000Inventory balance, December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,000Sales revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 520,000Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 310,000Accounts receivable balance, January 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,000View Solution:
Using the following data calculate this company s accounts rece



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