Question
1- Bonita Company had net credit sales during the year of $1350000 and cost of goods sold of $770000. The balance in accounts receivable at
1- Bonita Company had net credit sales during the year of $1350000 and cost of goods sold of $770000. The balance in accounts receivable at the beginning of the year was $170000, and the end of the year it was $100000. What was the accounts receivable turnover?
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
