Question
The following information is available for Edmiston Company. Beginning accounts receivable $70,000 Ending accounts receivable 110,000 Net sales 990,000 Compute the following to one decimal
The following information is available for Edmiston Company.
Beginning accounts receivable $70,000
Ending accounts receivable 110,000
Net sales 990,000
Compute the following to one decimal place each:
1. accounts receivable turnover
2. accounts receivable days outstanding.
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Performance Auditing A Measurement Approach
Authors: Ronell B. Raaum CGAP CGFM, Stephen L. Morgan CIA CGAP CFE CGFM
2nd Edition
0894136607, 9780894136603
