The opening balance of Accounts Receivable for Sheridan Company was $23500. Net sales (all on account) for the year amounted to $199000. The Company doesn’t offer any cash discount. During the year $164000 was collected on accounts receivable. Compute accounts receivable turnover for the year.
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The opening balance of Accounts Receivable for Sheridan Company was $23500. Net sales (all on accoun...
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