Question
lulu corporation had credit sales of 500,000 in 2020. During the year, 460,000 in cash was collected. The beginning balance in Accounts Receivable was 80,000.
lulu corporation had credit sales of 500,000 in 2020. During the year, 460,000 in cash was collected. The beginning balance in Accounts Receivable was 80,000. What was the accounts receivable turnover for the year?
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Sound Investing, Chapter 1 - The Financial Pressure
Authors: Kate Mooney
2nd Edition
0071719237, 9780071719230
