Question
Required Information CT 7-2 (Static) Missing information [The following information applies to the questions displayed below.] The following selected financial information is available for three
Required Information CT 7-2 (Static) Missing information [The following information applies to the questions displayed below.] The following selected financial information is available for three companies: Total sales Cash sales Sales on account Accounts receivable, Accounts receival January 1, Year 2 December 31, Year 2 Allowance for doubtful accounts, January 1, Year 2 Allowance for doubtful accounts, December 31, Year 2 Uncollectible accounts expense, Year 2 Uncollectible accounts written off Collections of accounts receivable, Year 2 CT 7-2: (Static) Part D Required Determine the accounts receivable turnover for each company in Year 2. Note: Round your answers to 2 decimal places. Expo-Accounts receivable turnover White -Accounts receivable turnover Zina-Accounts receivable turnover Year 2 8.21 3.97 Times Times Times Saved Expo $ 125,000 P 40,000 6,200 5,600 2 204 2 $ 210,000 26,000 D 42,000 48,000 F 1,680 1,200 1,360 2 Zina 7 $ 120,000 7,500 485 2 395 365 75,235
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