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QUESTION
Modern Products, Inc. had accounts receivable of $320,000 in 2019, and $358,000 in 2020. Net sales for 2020 were $3,160,000, and gross profit was...
Modern Products, Inc. had accounts receivable of $320,000 in 2019, and $358,000 in 2020. Net sales for 2020 were $3,160,000, and gross profit was $1,600,000. The accounts receivable turnover for 2020 was
