Noahs Boat Co.s accounts receivable totaled $2,306 at the end of 20x1 and $3,508 at the end

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Noah’s Boat Co.’s accounts receivable totaled $2,306 at the end of 20x1 and $3,508 at the end of 20x2. Sales for 20x2 totaled $8,593.

Calculate the number of turns per year for accounts receivable turnover ?

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0137030385

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

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Posted Date: Mar 15, 2023 02:12 AM

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Noahs Boat Co.s accounts receivable totaled $2,306 at the end of 20x1 and $3,508 at the end

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To calculate the accounts receivable turnover we need to divide the total net sales by t... View the full answer

Advanced Financial Accounting

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