Question
The financial statements of the Novak Corp. reports net sales of $384000 and accounts receivable of $48000 and $32400 at the beginning of the year
The financial statements of the Novak Corp. reports net sales of $384000 and accounts receivable of $48000 and $32400 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Novak?
| 8 times |
| 5 times |
| 13 times |
| 10 times |
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Financial Accounting Fundamentals
Authors: John J. Wild
5th edition
1308500102, 1308500106, 78025753, 978-0078025754
