FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Ward Company has provided the following information: Net sales totaled $940,000. Beginning net accounts receivable was $74,500. Ending net accounts receivable was $104,000. What

The Ward Company has provided the following information:
Net sales totaled $940,000.
Beginning net accounts receivable was $74,500.
Ending net accounts receivable was $104,000.
What was Wards receivables turnover ratio?

A. 9.04

B. 12.62

C. 5.27

D. 10.53

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

b. Is the government supportive of the economic changes occurring?

Answered: 1 week ago

Question

★★★★★
Given that tG = -212.7 kJ mol-1 for the reaction in the Daniell cell at 25C, and b (CuS04) = 1.0 x 10-3 mol kg-i and b (ZnS04) = 3.0 x 10-3 mol kg-I, calculate (a) The ionic strengths of the...

Answered: 1 week ago

Question

★★★★★
The Ward Company has provided the following information: Net sales totaled $940,000. Beginning net accounts receivable was $74,500. Ending net accounts receivable was $104,000. What was Wards...

Answered: 1 week ago

Question

★★★★★
If you can solve all of them it would be greatlyappreciated (Bond valuation) You are examining three bonds with a par value of \( \$ 1,000 \) (you receive \( \$ 1,000 \) at maturity) and are...

Answered: 1 week ago

Question

★★★★★
Q3 Question #3 The manager of the Midtown hotel is in the process of redesigning the company's reservation system. The hotel has 300 rooms divided into 200 regular double-bed rooms and 100 luxury...

Answered: 1 week ago

Question

★★★★★
Not: There is no scenario for this assignment. Question: Sports events are an important social phenomenon. Identify the relationships between, and the roles played by, the various participants of a...

Answered: 1 week ago

Question

★★★★★
Which of the following concepts is not part of Java's object-oriented programming principles? Option A: Encapsulation Option B: Inheritance Option C: Polymorphism Option D: Multiple inheritance using...

Answered: 1 week ago

Question

★★★★★
An automaker entered the marketplace with a car to compete with two other brands already in that market. In the first month after introduction, the new entry got 355 sales of a random sample of 1000...

Answered: 1 week ago

Question

★★★★★
How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Previous Question Next Question