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Average Accounts Receivable Turnover = 11 (A/R at Beginning + A/R at Ending)/2 ($ 71,800 + $ 79,000 )/2 $ 150,800 / 2 $ 75,400 II Accounts receivable turnover Net Credit Sales / Average accounts receivable turnover $ 1,131,000 / $ 75,400 15 times Requirement 2 365 days 365 / 7 Accounts receivable turnover 15 Day's sales outstanding 24.33 days =
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