Question
In 2005, The Handy Catering Service had cash sales of 254,134, credit sales of 125,371, and total sales of 379,505. Accounts Receivable were 9,765. What
In 2005, The Handy Catering Service had cash sales of 254,134, credit sales of 125,371, and total sales of 379,505. Accounts Receivable were 9,765. What was Accounts Receivable Turnover?
1. 33.36
2. 19.43
3. 26.02
4. 12.84
5. There is not enough information provided to answer this question.
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
