Question
How to do the turn over ratio? Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales -
How to do the turn over ratio?
Dorchester Company had the following balances at the end of 2018 and 2019 respectively:
Net Credit Sales - $895,000 for 2018 and $1,052,000 for 2019.
Accounts Receivable - $80,000 for 2018 and $95,000 for 2019.
Allowance for Doubtful Accounts - $4,000 for 2018 and 5,500 for 2019
Calculate the accounts receivable turnover ratio to one decimal place.
Your Answer:
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Matching Supply with Demand An Introduction to Operations Management
Authors: Gerard Cachon, Christian Terwiesch
3rd edition
978-0073525204
