Question
Modern Products, Inc. had accounts receivable of $333,000 in 2016, and $444,000 in 2017. Net sales for 2017 was $5,328,000, and gross profit margin was
Modern Products, Inc. had accounts receivable of $333,000 in 2016, and $444,000 in 2017. Net sales for 2017 was $5,328,000, and gross profit margin was $1,380,000. The accounts receivable turnover for 2017 was:
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
