A company reports the following: Sales ............................................................ $1,460,000 Average accounts receivable (net) ................ 100,000 Determine (a) The
Question:
A company reports the following:
Sales ............................................................ $1,460,000
Average accounts receivable (net) ................ 100,000
Determine
(a) The accounts receivable turnover and
(b) The number of days’ sales in receivables. Round to one decimal place.
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A Credit sales average accounts receivable 1460000 100000 146 B ...View the full answer
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Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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