Alliance software began 2009 with accounts receivable of, Ask an Expert

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Alliance software began 2009 with accounts receivable of $115,000, All sales are made on credit. Sales and cash collections from customers for the year were $780,00 and $700,000 respectively. Cost of goods sold for the year was $450,000. what was Alliances's receivable turnover ratio for 2009?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9437529

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