Question
Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $945,000 for 2018 and $972,000 for 2019.
Dorchester Company had the following balances at the end of 2018 and 2019 respectively:
Net Credit Sales - $945,000 for 2018 and $972,000 for 2019.
Accounts Receivable - $100,000 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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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
