Question
Somerset Corporation just completed its fiscal year ended January 31, 2021. All sales were on account and totaled 450,000 for the year. The accounts receivable
Somerset Corporation just completed its fiscal year ended January 31, 2021. All sales were on account and totaled 450,000 for the year. The accounts receivable balance on February 1, 2020 was 60,000 and the balance was 55,000 on January 31, 2021. What is the accounts receivable turnover ratio? Round and enter to one decimal place only.
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Trusted Advisors Key Attributes Of Outstanding Internal Auditors
Authors: Richard F. Chambers, President And CEO Of The IIA
1st Edition
0894139819, 978-0894139819
