The following data are taken from the comparative balance sheets of Ruggers Company. Compute and interpret its

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The following data are taken from the comparative balance sheets of Ruggers Company. Compute and interpret its accounts receivable turnover for year 2013 (competitors average a turnover of7.5).

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 26, 2013 09:31 AM

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The following data are taken from the comparative balance sheets of Ruggers Company. Compute and interpret its

Question:

2013 2012 Accounts receivable, net ....$153,400 $138,500 Net sales ...861.105 910.600

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Interpretation An accounts receivable turnover of 59 implies that the companys average accounts ...View the full answer

Fundamental accounting principle

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