Given the following information of ABC lnc, compute Accounts Receivable Turnover: Gross Sales: $150,000 Accounts Receivable, Beginning
Question:
Net Sales: $135,000 Accounts Receivable, End of Year: $22,000
a. 6.75
b. 7.5
c. 6.13
d. 6.82
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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The correct option is Option a 675 Explanation All the amounts are in The gross ...View the full answer
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Related Book For 
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
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