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Using the following information, calculate the receivables turnover ratio. Sales revenue $350,000 Credit card discount $4,000 Bad debt expense $5,000 Cost of goods sold $175,000
Using the following information, calculate the receivables turnover ratio. Sales revenue $350,000 Credit card discount $4,000 Bad debt expense $5,000 Cost of goods sold $175,000 Utilities expenses $35,000 Sales returns $5,000 Depreciation expense $15,000 Beginning accounts receivable and allowance for doubtful accounts were $75,000 and $3,000, respectively Ending accounts receivable and allowance for doubtful accounts were $88,000 and $5,000, respectively . O 4.40 O 4.52 04.18 04.45
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