Question

The following information was taken from Nash, Inc.’s trial balances as of December 31, 2010, and December 31, 2011.
Required:
1. Calculate the net profit margin and accounts receivable turnover for 2011.
2. How much does Nash make on each sales dollar?
3. How many days does the average receivable take to be paid (assuming all sales are on account)?


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  • CreatedSeptember 22, 2015
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