Question
Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $980,000 for 2018 and $1,062,000 for 2019.
Dorchester Company had the following balances at the end of 2018 and 2019 respectively:
Net Credit Sales - $980,000 for 2018 and $1,062,000 for 2019.
Accounts Receivable - $92,000 for 2018 and $95,000 for 2019.
Allowance for Doubtful Accounts - $6,000 for 2018 and 5,500 for 2019
Calculate the accounts receivable turnover ratio to one decimal place
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
