Question
Potaw Company reported the following data at the end of 2016: Sales revenue (75% on credit) $450,000 Expenses (26% on credit) 75,000 Accounts receivable, net
Potaw Company reported the following data at the end of 2016: Sales revenue (75% on credit) $450,000 Expenses (26% on credit) 75,000 Accounts receivable, net at December 31, 2016 (a decrease of $11,500 during 2016) 15,500 Total assets 350,000 Stockholders' equity 180,000 What was the accounts receivable turnover ratio?
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ISO 14010s Environmental Auditing Tools And Techniques For Passing Or Performing Environmental Audits
Authors: W. Lee Kuhre
1st Edition
0133802051, 978-0133802054
