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Based on the following data, what is the accounts receivable turnover? Sales on account during year $600,000 Cost of merchandise sold during year 270,000 Accounts
Based on the following data, what is the accounts receivable turnover? Sales on account during year $600,000 Cost of merchandise sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 13.3 2.6 20.0 15.0
Based on the following data, what is the accounts receivable turnover?
Sales on account during year
$600,000
Cost of merchandise sold during year
270,000
Accounts receivable, beginning of year
45,000
Accounts receivable, end of year
35,000
Inventory, beginning of year
90,000
Inventory, end of year
110,000
13.3
2.6
20.0
15.0
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Managerial Accounting Tools For Business Decision Making Wileyplus Lms Student Package
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th Edition
1119390249, 978-1119390244
