Sandburg Veterinarian reports the following information for the year: Net Credit Sales.............................................................$120,000 Average Accounts Receivable..........................................20,000 Cash Collections

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Sandburg Veterinarian reports the following information for the year:

Net Credit Sales.............................................................$120,000

Average Accounts Receivable..........................................20,000

Cash Collections on Credit Sales...................................100,000

What is Sandburg's receivables turnover ratio?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Feb 26, 2019 01:28 AM

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Sandburg Veterinarian reports the following information for the year: Net Credit Sales.............................................................$120,000 Average Accounts Receivable..........................................20,000 Cash Collections

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Intermediate Accounting

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