How would I solve this? The following data are taken from...
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Accounting
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The following data are taken from the financial statements of Rainsberger Company 2018 $595,000 $535,000 4,100,000 3,130,000 2017 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/60. (a1) Your answer is incorrect. Try again. Compute for each year the accounts receivable turnover. At the end of 2016, accounts receivable (net) was $445,000. (Round answers to 1 decinal place,e.g. 1.6 2018 2017 Accounts receivable turnover 4.75 6.0 times times
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