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Logan Industries has credit sales of $30,000 and cash sales of $5,000. Beginning and ending accounts receivable = $2,800 and $2,200, respectively. What are total
Logan Industries has credit sales of $30,000 and cash sales of $5,000. Beginning and ending accounts receivable = $2,800 and $2,200, respectively. What are total cash collections and the accounts receivable turnover?
$34,400 and 10 times
$34,400 and 12 times
$35,000 and 10 times
$35,600 and 12 times
$35,600 and 10 times
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