Question
Excerpts from Huckabee Company's December 31, 2018 and 2017, financial statements are presented below: 20182017Accounts receivable$82,000$74,000Merchandise inventory60,00074,000Net sales402,000374,000Cost of goods sold242,000222,000 Huckabee's 2018 receivables turnover
Excerpts from Huckabee Company's December 31, 2018 and 2017, financial statements are presented below:
20182017Accounts receivable$82,000$74,000Merchandise inventory60,00074,000Net sales402,000374,000Cost of goods sold242,000222,000
Huckabee's 2018 receivables turnover (rounded to 2 decimal places) is:
Multiple Choice
- 3.61.
- 5.15.
- 4.90.
- 3.10.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
