accounts receivable

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Jan 31, 2008, 05:23 PM

itsywitsytina1973

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accounts receivable

The following data are taken from the comparative balance sheets of Fulton Company. Compute and
interpret its accounts receivable turnover for year 2005 (competitors average a turnover of 7.5 2005 2004
Accounts receivable . . . . . . . $152,900 $133,700
Net sales . . . . . . . . . . . . . . . 754,200 810,600

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