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Cost of goods sold for the year was 450000 what was

Question - 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: Cost of goods sold for the year was 450000 what was

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