The following information was taken from Nash, Inc.s trial balances as of December 31, 2010, and December
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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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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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