Tammy Corporation reported cash sales of $118,000; net credit sales of $343,000; beginning net accounts receivable of $89,000; and ending net accounts receivable of $111,000. What is Tammy's accounts receivable turnover? If last year's accounts receivable turnover was 3, is there an improvement or deterioration? Indicate the reason for your answer.

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The Answer of Tammy Corporation reported cash sales of $118,000; net credit sales of $343,000; beginning net accounts receivable of $89,000; and ending net accounts receivable of $111,000. What is Tammy's accounts receivable turnover? If last year's accounts receivable turnover was 3, is there an improvement or deterioration? Indicate the reason for your answer.

Tammy Corporation Reported Cash Sales of $118,000; Net Credit Sales