A Company had net sales of $23,000, and its average account receivables were $5,700. Its accounts receivable turnover is 0.24.
Answer the following statement true (T) or false (F)
False
Accounts Receivable Turnover = Net Sales/Average Accounts Receivable Accounts Receivable Turnover = $23,000/$5,700 = 4.0
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Mirror image rule is more liberal than UCC 2-2071
Indicate whether the statement is true or false
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What will be an ideal response?
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