Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

280,000/130,000= 2.15 Custom Company has average net accounts receivable of $130,000 and net credit sales of $280,000. The accounts receivable turnover ratio is: A. 146

280,000/130,000= 2.15
image text in transcribed
Custom Company has average net accounts receivable of $130,000 and net credit sales of $280,000. The accounts receivable turnover ratio is: A. 146 times B. 3.15 times C. 215 times D. 115 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting

Authors: Horngren, Harrison, Oliver

3rd Edition

978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978

More Books

Students also viewed these Accounting questions

Question

How objective is the traditional HC balance sheet?

Answered: 1 week ago

Question

Determine Leading or Lagging Power Factor in Python.

Answered: 1 week ago

Question

=+v3. Determine if they are targeting the same audience.

Answered: 1 week ago

Question

=+1. Compare the copy on both sites. Are they alike or distinctive?

Answered: 1 week ago

Question

=+What kind of clients would work well in this medium?

Answered: 1 week ago