If a company's accounts receivable turnover cycle is 4.3 times and the accounts receivable balance is $90,000, what is the value of the credited accounts?

Managerial Accounting
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ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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If a company's accounts receivable turnover cycle is 4.3 times and the accounts receivable balance is
$90,000, what is the value of the credited accounts?
Transcribed Image Text:If a company's accounts receivable turnover cycle is 4.3 times and the accounts receivable balance is $90,000, what is the value of the credited accounts?
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