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Compute the accounts receivable turnover and the collection period. assume a 365-day year d. Times interest earned; e. Earnings per share; f. Price/earnings ratio; and
Compute the accounts receivable turnover and the collection period. assume a 365-day year
d. Times interest earned; e. Earnings per share; f. Price/earnings ratio; and g. Book value per share. Problem 5 ACCOUNTS RECEIVABLE. The Rivers Company reports the following data relative to accounts receivable: 20X2 20X1 Average accounts receivable Net credit sales S 400,000 $2,600,000 $ 416,000 $3,100.000 The terms of sale are net 30 days. Requirement: Compute the accounts receivable turnover and the collection period. Assume a 365-day year. Problem 6 INVENTORY. On January 1 20X6 the River Comnany's beginning inventoryStep by Step Solution
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