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Prepare the current assets section of the balance sheet for lvanhoe Compary. assuming that in addition to the receivables it has cash of $82,000, merchandise
Prepare the current assets section of the balance sheet for lvanhoe Compary. assuming that in addition to the receivables it has cash of $82,000, merchandise inventory of $176,000, and supplies of $14,000, f2ist current assets in order of liquidily) Calculate the accounts receivable turnover. Assume that average net accounts receivable were 52.60,000. (Round answer to 1 decimat pldce, es, 12.5] Accounts receivable turnover. times
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