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Mathematics
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A firm has sales of 1 million, net income of $205,000, total current assets of $315,000 and accounts receivable of $220,000. The firms account receivable turnover is?

May 20th, 2015

The financial ratio accounts receivable turnover is a company's annual sales divided by the company's average balance in its Accounts Receivable account during the same period of time.

$205,000+$315,000/$220,000

205001.43

May 20th, 2015

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