Nu Plastics has accounts receivable of $6,400, inventory of $11,600, cash of $1,300, accounts payable of $8,800,
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Question:
Nu Plastics has accounts receivable of $6,400, inventory of $11,600, cash of $1,300, accounts payable of $8,800, sales of $117,600, and cost of goods sold of $89,300. What is the net working capital turnover rate?
A. 6.09
B. 7.21
C. 7.60
D. 10.87
E. 11.20
Related Book For
Advanced Accounting
ISBN: 978-0078025402
11th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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