Question
Consider the following: Net trade accounts receivable: December 31, Year 1 $ 75,000 December 31, Year 2 125,000 Net sales 800,000 Cost of goods sold
Consider the following:
Net trade accounts receivable:
December 31, Year 1 $ 75,000
December 31, Year 2 125,000
Net sales 800,000
Cost of goods sold 400,000
What is the companys receivables turnover ratio? (Round your answer to 1 decimal place.)
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Fraud Examination
Authors: W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman
3rd edition
324560842, 978-0324560848
