Solved: In 2014 grossfeld company has net credit sales of 1600000, Accounting Basics

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In 2014 grossfeld company has net credit sales of 1600000

In 2014, Grossfeld Company has net credit sales of $1,600,000 for the year. It had a beginning accounts receivable (net) balance of $108,000 and an ending accounts receivable (net) balance of $120,000.

Compute Grossfeld Company's receivables turnover.

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Accounting Basics: In 2014 grossfeld company has net credit sales of 1600000

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Accounting Basics: In 2014 grossfeld company has net credit sales of 1600000

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