Question
Kelly Inc. sold $930,000 worth of goods in the year 2013, out of which $820,000 was on credit. Accounts receivable at the beginning of the
Kelly Inc. sold $930,000 worth of goods in the year 2013, out of which $820,000 was on credit. Accounts receivable at the beginning of the year amounted to $95,000 and $115,000 at the end of the year. What will be Kelly's accounts receivable turnover for the year?
A. 8.63 B. 7.81 C. 7.13 D. 8.86
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Accounting Best Practices
Authors: Steven M. Bragg
3rd Edition
0471444286, 978-0471444282
