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    Short Company Reports for a Fiscal Year

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    For their last fiscal year, the Short Company reported the following information.
    Accounts Receivable $160,000
    Inventory $204,000
    Sales $1,168,000
    Cost of Goods Sold $724,000

    What is the accounts receivables turnover rate?

    a. 0.8
    b. 7.3
    c. 4.5
    d 2.8

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    https://brainmass.com/business/finance/short-company-reports-fiscal-year-237204

    Solution Preview

    For their last fiscal year, the Short Company reported the following information.
    Accounts Receivable $160,000 ...

    Solution Summary

    The solution examines the Short Company`s reports for a fiscal year.

    $2.19

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