Question
Net sales were $467,500, and the accounts receivable turnover was 8.5 times. What are the accounts receivable? Assume all sales are on account. Select one:
Net sales were $467,500, and the accounts receivable turnover was 8.5 times. What are the accounts receivable? Assume all sales are on account.
Select one:
a. $55,000
b. $467,500
c. $3,973,750
d. Not determinable from the information provided
e. None of the above
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
