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Inventory and prepaid expenses account for $28,000 of the current year's current assets Average inventory...

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Accounting

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Inventory and prepaid expenses account for $28,000 of the current year's current assets Average inventory for the current year is $12,000. Average net accounts recoivable for the current year is $42,000 Inventory and prepaid expenses account for $28,000 of the current year's current assets. Average inventory for the current year is $12,000. Average net accounts receivable for the current year is $42,000. There are 40,000 shares of common stock outstanding. Total dividends paid during the current year were $60,000. The market price per share of common stock is $25. What is the company's accounts receivable turnover for the current year

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