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A corporation's sales revenue for the year is $750,000 and net income is $150,000. It sells all of its goods on account. It reports
A corporation's sales revenue for the year is $750,000 and net income is $150,000. It sells all of its goods on account. It reports the following: Beginning of the year End of the year Accounts receivable $100,000 $ 120,000 Allowance for doubtful accounts 10,000 Total assets 800,000 12,000 1,000,000 What is its accounts receivable turnover (rounded)? 07.6 6.3 6.8 9.4 O 11.6
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Principles of Financial Accounting
Authors: Belverd E. Needles, Marian Powers
12th edition
978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283
