Sales revenue Cost of goods sold Gross profit Selling, general, and administrative expenses Loss on sales...

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Sales revenue Cost of goods sold Gross profit Selling, general, and administrative expenses Loss on sales of securities Incom Land $31,915 $31,915 216,095 206,070 $237,985 $248,010 $279,475 $270,065 Buildings and equipment, net of accumulated deprecia

business accounting

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Answer 1

Answer #1

Accounts receivable turnover = Net sales / Average accounts receivable

= 542825 /(15695+12395)/2

= 38.65 times

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Answer 2

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Sales revenue Cost of goods sold Gross profit Selling, general, and administrative expenses Loss on sales...

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