Question
National, Inc. provides the followingdata: 2025 2024 Cash $43,000 $25,000 AccountsReceivable, Net 98,000 62,000 Merchandise Inventory 70,000 50,000 Property, Plant, andEquipment, Net 200,000 120,000 Total
National, Inc. provides the followingdata:
2025
2024
Cash
$43,000
$25,000
AccountsReceivable, Net
98,000
62,000
Merchandise Inventory
70,000
50,000
Property, Plant, andEquipment, Net
200,000
120,000
Total Assets
$411,000
$257,000
For the year ending December31, 2025:
Net Credit Sales
$260,000
Cost of Goods Sold
(150,000)
Gross Profit
$110,000
Calculate the accounts receivable turnover ratio for 2025.(Round your answer to two decimalplaces.)=
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Payroll Accounting 2018
Authors: Jeanette Landin, Paulette Schirmer
4th edition
1260005127, 1259742514, 1260005165, 126000516X, 978-1259742514
