Eddy Corporation had net credit sales during the year of $800,000 and cost of goods...
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Accounting
Eddy Corporation had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in receivables at the beginning of the year was $100,000 and at the end of the year was $150,000. What was the accounts receivable turnover and average collection period in days
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