Question
What is accounts receivable turnover for year 2 given the following information for Pantry Inc.? Year2 Year 1 Year 2 Year1 Net Accounts Receivable (Net
What is accounts receivable turnover for year 2 given the following information for Pantry Inc.?
| Year2 | Year 1 | Year 2 | Year1 | |||
| Net Accounts Receivable (Net of Allowance of 25,450 and 24,890) | 450,932 | 380,418 | Sales | 8,936,000 | 7,240,000 |
A.) 21.5 B.) None of the provided answers are correct. C.) 18.8 D.) 19.8 E.) Not possible to know F.) 19.45
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The Internal Auditing Handbook
Authors: K. H. Spencer Pickett
3rd Edition
0470518715, 978-0470518717
