Question
A company has an account receivable turnover ratio of 4. The average accounts receivable during the period is $200,000. What is the amount of net
A company has an account receivable turnover ratio of 4. The average accounts receivable during the period is $200,000. What is the amount of net sales for the period?
a.$220,000
b.$740,000
c.$800,000
d.$520,000
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The Principles And Practice Of Auditing
Authors: George Puttick, Sandra Van Esch
7th Edition
0702137723, 978-0702137723
