National, Inc. provides the following data: 2025 2024 $44,000 $25,000 62,000 50,000 120 000 $257,000 Cash...
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National, Inc. provides the following data: 2025 2024 $44,000 $25,000 62,000 50,000 120 000 $257,000 Cash Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net 98,000 74,000 185,000 $401,000 Total Assets For the year ending December 31, 2025: Net Credit Sales $270,000 Cost of Goods Sold (150,000) $120,000 Gross Profit Calculate the accounts receivable turnover ratio for 2025. (Round your answer to two decimal places.) O A. 4.09 times O B. 5.40 times O C. 3.38 times O D. 2.76 times National, Inc. provides the following data: 2025 2024 $44,000 $25,000 62,000 50,000 120 000 $257,000 Cash Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net 98,000 74,000 185,000 $401,000 Total Assets For the year ending December 31, 2025: Net Credit Sales $270,000 Cost of Goods Sold (150,000) $120,000 Gross Profit Calculate the accounts receivable turnover ratio for 2025. (Round your answer to two decimal places.) O A. 4.09 times O B. 5.40 times O C. 3.38 times O D. 2.76 times
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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