Question
Sheffield Company had net credit sales during the year of $1450000 and cost of goods sold of $820000. The balance in accounts receivable at the
Sheffield Company had net credit sales during the year of $1450000 and cost of goods sold of $820000. The balance in accounts receivable at the beginning of the year was $160000, and the end of the year it was $130000.
What was the accounts receivable turnover?
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Financial And Managerial Accounting
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
1st Edition
9781118004234, 111800423x
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