Accounts receivable turnover basics, Accounting Basics

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Accounts receivable turnover basics

Phillips Company's accounts receivable were $250,000 at the beginning of the year and $300,000 at the end of the year. Cash sales for the year were $425,000. The accounts receivable turnover was 8 times. What were Phillips Company's total sales for the year?

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Accounting Basics: Accounts receivable turnover basics

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Accounting Basics: Accounts receivable turnover basics

Reference No:- TGS053845

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Recent Questions Asked Accounting Basics

Q : Son and daughter bases in the stock received

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Ask an Expert for Answer!!

Accounting Basics: Accounts receivable turnover basics

Reference No:- TGS053845

Recent Questions Asked Accounting Basics

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Q : Estimating equivalent annual annuity for machine

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