Question
Target Corporation had credit sales of $2,000,000 and the average accounts receivable balance was $400,000. Calculate the accounts receivable turnover ratio and the average collection
Target Corporation had credit sales of $2,000,000 and the average accounts receivable balance was $400,000. Calculate the accounts receivable turnover ratio and the average collection period.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
