Question
The Rye Corporation has provided the following information: Total sales were $1,285,000. Beginning net accounts receivable was $51,500. Ending net accounts receivable was $65,000. Sales
The Rye Corporation has provided the following information: Total sales were $1,285,000. Beginning net accounts receivable was $51,500. Ending net accounts receivable was $65,000. Sales returns and allowances totaled $117,000. What was Ryes receivables turnover ratio?
20.05
19.80
22.10
10.03
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
4th Canadian Edition
0470155353, 978-0470155356
