Which of the companies has the lowest accounts receivable turnover in the year 20X2? a. Company A.
Question:
a. Company A.
b. Company B.
c. Company C.
d. CompanyD. Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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20X1 20X2 Credit Sales Average Receivables Balance $1.0 million $1.2 million $0.8 million $0.1 million $5.0 million Credit Sales Average Receivables Balance $1.2 million $1.5 million $1.0 million $0.2 mllion $5.4 million Company 5.0 milion 3.0 million s 2.5 million 0.5 miion 6.0 million S 4.0 million 3.0 million 0.6 mllion $28.0 million Industry $%25.0 million
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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