Question
The 2011 financial statements of Lowell Company report total revenues of $21,976 million, accounts receivable of $1,189 million for 2011 and $955 million for 2010.
The 2011 financial statements of Lowell Company report total revenues of $21,976 million, accounts receivable of $1,189 million for 2011 and $955 million for 2010. The company's accounts receivable turnover for the year is: A. 16.4 days B. 20.5 times C. 18.2 days D. 18.2 times E. None of the above
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
