Question: Hello, can you please help me with this question? Thanks In 2021 Marigold Co. had credit sales of $2100000 and sales returns related to these
Hello, can you please help me with this question? Thanks

In 2021 Marigold Co. had credit sales of $2100000 and sales returns related to these sales of $150000. Its comparative balance sheet at December 31, 2021 showed the following: Accounts receivable Less: Allowance for doubtful accounts Carrying amount 2021 $840000 72000 $768000 2020 $660000 66000 $594000 Marigold's receivable turnover for 2021 is 2.60. O 2.80. O 2.86. O 3.08
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
