Question: EA 8 . LO 9 . 3 Using the following select financial statement information from Black Water Industries, compute the accounts receivable turnover ratios for

EA8. LO 9.3 Using the following select financial statement information from Black Water Industries, compute the accounts receivable turnover ratios for 2018 and 2019(round answers to two decimal places). What do the outcomes tell a potential investor about Black Water Industries? Blackwater Industries Year Net Credit Sales Ending Accounts Receivable 2017 $685,430 $330,2502018700,290360,4502019768,500401,650 Solution AR turnover ratio 2018: AR turnover ratio 2019: What do these outcomes tell a potential investor?

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