1. Espat Corp. reported net sales (all on credit) of $1,600,000 and cost of goods sold of $1,100,000 for 2016. Its beginning balance of Accounts Receivable was $150,000. The accounts receivable balance decreased by $10,000 during 2016. 
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3. Rounded to two decimal places, what is Espat's accounts receivable turnover rate for 2016?

Answer rating: 100% (QA)

Receivable turnover rate RTR total ... View the full answer