M. Kunis Company had net sales of $6,500,300. Kunis had the following balances: Required: Round answers to

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M. Kunis Company had net sales of $6,500,300. Kunis had the following balances:

Required:
Round answers to two decimal places.
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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M. Kunis Company had net sales of $6,500,300. Kunis had the following balances: Required: Round answers to

Question:

Accounts receivable Inventories January 1 $1,100,400 450,000 December 31 $965,800 525,000

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1 Average accounts receivable 1033100 2 ...View the full answer

Cornerstones of Managerial Accounting

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