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Business, 02.08.2021 23:50 Reddolls

In 2017, Wainwright Company has net credit sales of $1,295,000 for the year. It had a beginning accounts receivable (net) balance of $102,000 and an ending accounts receivable (net) balance of $107,800. 1. Compute Wainwright Company’s accounts receivable turnover.
2. Compute Wainwright Company’s average collection period in days.

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In 2017, Wainwright Company has net credit sales of $1,295,000 for the year. It had a beginning acco...
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