Question
Dorch Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $910,000 for 2018 and $1,002,000 for 2019.
Dorch Company had the following balances at the end of 2018 and 2019 respectively:
Net Credit Sales - $910,000 for 2018 and $1,002,000 for 2019.
Accounts Receivable - $96,000 for 2018 and $111,000 for 2019.
Allowance for Doubtful Accounts - $4,000 for 2018 and 7,500 for 2019
Calculate the accounts receivable turnover ratio to one decimal place.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
9th edition
9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021
