Powers Company reported net sales of $1,400,000, average Accounts Receivable, net of $58,500, and net income...

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Powers Company reported net sales of $1,400,000, average Accounts Receivable, net of $58,500, and net income of $59,525. The accounts receivable turnover ratio is: Powers Company reported net sales of $1,400,000, average Accounts Receivable, net of $58,500, and net income of $59,525. The accounts receivable turnover ratio is:

Answer rating: 100% (QA)

So Powers Companys accounts receivable turnover ratio is 23931 This means that on average the compan... View the full answer