Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of
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Question:
Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of $780,000 at the end of the year. Net credit sales during the year amounted to $7,200,000. The accounts receivable turnover ratio was
A : 9.2 times.
B : 9.0 times.
C : 8.4 times.
D : 8.8 times.
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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