A company has the following information related to itsoperations at the end of the year. Average inventory:
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Question:
A company has the following information related to itsoperations at the end of the year.
Average inventory: $44,000 Average net accounts receivables: $51,000 Average total assets: $385,000
Net sales: $285,000 Net credit sales: $265,000 Cost of goods sold: $82,000
Calculate the company's accounts receivable turnover.
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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