Question
Maggie's Farm Inc. had Credit Sales of $500,000 during the year. The beginning of the year balance in Net Accounts Receivable was $100,000 and the
Maggie's Farm Inc. had Credit Sales of $500,000 during the year. The beginning of the year balance in Net Accounts Receivable was $100,000 and the end of the year balance was $200,000. What was Maggie's Accounts Receibable Turnover for the year (rounded to the nearest decimal)?
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Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
