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A company has net sales of $900,000 and average accounts receivable of $300,000. What is its accounts receivable turnover for the period? a. 0.20. b. 5.00. c. 20.0. d. 73.0. e. 3.0.

A company has net sales of $900,000 and average accounts receivable of $300,000. What is its accounts receivable turnover for the period? a. 0.20. b. 5.00. c. 20.0. d. 73.0. e. 3.0.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4BE
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What is its accounts receivable turnover for the period?

A company has net sales of $900,000 and average accounts receivable of $300,000. What is its accounts receivable turnover for the period? a. 0.20. b. 5.00. c. 20.0. d. 73.0. e. 3.0.
Transcribed Image Text:A company has net sales of $900,000 and average accounts receivable of $300,000. What is its accounts receivable turnover for the period? a. 0.20. b. 5.00. c. 20.0. d. 73.0. e. 3.0.
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