Question: please help 2 multiple choice :( Powers Company reported Net sales of $1,290,000 and average Accounts Recelvable, net of $69,500. The accounts receivable turnover ratio

please help 2 multiple choice :(  please help 2 multiple choice :( Powers Company reported Net sales
of $1,290,000 and average Accounts Recelvable, net of $69,500. The accounts receivable
turnover ratio is: Multiple Choice 0.54 times. 17.6 times. 35.1 times. 18.6

Powers Company reported Net sales of $1,290,000 and average Accounts Recelvable, net of $69,500. The accounts receivable turnover ratio is: Multiple Choice 0.54 times. 17.6 times. 35.1 times. 18.6 times. 19.6 times In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: $52,000 Net income for the year was Accounts payable increased by Accounts receivable decreased by 25,000 18,000 Inventories increased by Depreciation expense was 5,000 30,000 Net cash provided by operating activities was: Multiple Choice $130,000 $80,000. $120,000 $60000 $70,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!