A company reports the following: Net sales $1,200,000 Average accounts receivable (net) 100,000 Determine (a) the accounts
Question:
A company reports the following:
Net sales $1,200,000
Average accounts receivable (net) 100,000
Determine (a) the accounts receivable turnover and (b) the number of days’ sales in receivables. Round to one decimal place.
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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