Jones Companys sales are $1,000,000 and 80% of those sales are on credit. The beginning and ending
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Jones Company’s sales are $1,000,000 and 80% of those sales are on credit. The beginning and ending accounts receivable balances are $100,000 and $140,000, respectively.
What is the company’s accounts receivable turnover?
a. 3.33
b. 6.67
c. 8.33
d. 10.67
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Related Book For 
ISE Introduction To Managerial Accounting
ISBN: 9781260091755
8th Edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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