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  3. refer to the following selected financial informat

Refer to the following selected financial information from CryptoCousins Co. . Compute the companys accounts...

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Accounting

Refer to the following selected financial information from CryptoCousins Co. . Compute the companys accounts receivable turnover for Year 2.

ROUND ASNWER TO 2 DECIMALS

(SHOW WORK)

Year 2

Year 1

Cash

$ 37,500

$ 36,850

Short-term investments

90,000

90,000

Accounts receivable, net

85,500

86,250

Merchandise inventory

121,000

117,000

Prepaid expenses

12,100

13,500

Plant assets

388,000

392,000

Accounts payable

113,400

111,750

Net sales

711,000

706,000

Cost of goods sold

390,000

385,500

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