Alejandra Company had net sales of $850,000. Alejandra had the following balances: Required: Round answers to one

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Alejandra Company had net sales of $850,000. Alejandra had the following balances:

Required:
Round answers to one decimal place.
1. Calculate the average accounts receivable.
2. Calculate the accounts receivable turnover ratio.
3. Calculate the accounts receivable indays.

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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

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Question Posted: Feb 04, 2012 12:22 AM

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Alejandra Company had net sales of $850,000. Alejandra had the following balances: Required: Round answers to one

Question:

January 1 $306,100 124,000 December 31 Accounts receivable $281,100 119,000 nventones

Step by Step Answer:

1 Average accounts receivable 293600 2 A...View the full answer

Cornerstones of Managerial Accounting

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