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The following table shows some selected financial information of ABC Company. Gross sales............. OMR 115000, Sales returns and discounts..... OMR 5000. Opening Inventory.....OMR 15000 Net
The following table shows some selected financial information of ABC Company. Gross sales............. OMR 115000, Sales returns and discounts..... OMR 5000. Opening Inventory.....OMR 15000 Net Purchases.... OMR 105000 Closing Inventory... OMR 25000 Opening balance of Receivables...OMR 10000 Closing balance of Receivables.....OMR 17500 Cash.................OMR 40000 According to the given information, which of the following shows the correct Receivables turnover? Select one: a. 8 b. 11 c. 12 d. 6.9 MacBook
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Wiley Gaap Interpretation And Application Of Generally Accepted Accounting Principles 2009
Authors: Barry J. Epstein, Ralph Nach, Steven M. Bragg
1st Edition
0470286067, 978-0470286067
