In 2017, Bismark Company has net credit sales of $1,600,000 for the year. It had...
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Accounting
In 2017, Bismark Company has net credit sales of $1,600,000 for the year. It had a beginning accounts receivable (net) balance of $108,000 and an ending accounts receivable (net) balance of $120,000.
a) Find accounts receivable turnover
b) Find average collection period
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