Question

QL Corporation sells computer peripherals, primarily on a credit basis. Following are selected financial data, expressed in thousands, for this firm for a recent three-year period. QL had net sales of $26,128,500 in the year 2006 and accounts receivable of $3,023,000 on January 1, 2007.
Required:
(a) Compute QL’s accounts receivable turnover ratio and age of receivables for years 2007 through 2009.
(b) Did these ratios improve or weaken over this three-year period? Explain.


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  • CreatedMarch 27, 2015
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