Compute the accounts receivable turnover on December 31, 2016, for Austin, Inc Assume that all sales were credit sales Austin, Ind Comparative Income Statement Years Ended December 31, 2016 and 2015 Amounts 2016 2015 Sales Less Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit ...

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Compute the accounts receivable turnover on December 31, 2016, for Austin, Inc. Assume that all sales were

Question:

Compute the accounts receivable turnover on December 31, 2016, for Austin, Inc. Assume that all sales were credit sales.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...