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A company, Harbor Industries, had net sales of $800,000, total sales of $950,000, and an average accounts receivable of $100,000. What is its accounts receivable turnover?

A company, Harbor Industries, had net sales of $800,000, total sales of $950,000, and an average accounts receivable of $100,000. What is its accounts receivable turnover?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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What is its accounts receivable turnover of this financial accounting question?

A company, Harbor Industries, had net sales of $800,000, total sales of $950,000, and an average accounts receivable of $100,000. What is its accounts receivable turnover?
Transcribed Image Text:A company, Harbor Industries, had net sales of $800,000, total sales of $950,000, and an average accounts receivable of $100,000. What is its accounts receivable turnover?
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