Question
In 2017, Bismark Company has net credit sales of $1,600,000for the year. It had a beginning accounts receivable (net) balance of $108,000and an ending accounts
In 2017, Bismark Company has net credit sales of $1,600,000for the year. It had a beginning accounts receivable (net) balance of $108,000and an ending accounts receivable (net) balance of $120,000.
(a)
Compute Bismark Company's receivables turnover.(Round answers to 1 decimal place, e.g. 12.5.)
Accounts receivable turnover
times
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Financial Accounting Information for Decisions
Authors: John Wild
7th edition
78025893, 978-0078025891
