Question
Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $870,000 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 - $870,000 for 2018 and $1,062,000 for 2019.
Accounts Receivable - $80,000 for 2018 and $111,000 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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Accounting And Social Theory An Introduction
Authors: Lisa Jack
1st Edition
1138100714, 9781138100718
