Question
A company has the following information related to itsoperations at the end of the year. Average inventory: $44,000 Average net accounts receivables: $51,000 Average total
A company has the following information related to itsoperations at the end of the year.
Average inventory: $44,000 Average net accounts receivables: $51,000 Average total assets: $385,000
Net sales: $285,000 Net credit sales: $265,000 Cost of goods sold: $82,000
Calculate the company's accounts receivable turnover.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Inventory Turnover can be computed as ...
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
