A company has the following Accounting data: • Beginning balance of accounts receivable: $40,000 ⚫ Ending balance of accounts receivable: $50,000 • ⚫ Sales revenue: $500,000 • ⚫ Cash collections from customers: $470,000 What is the company's accounts receivable turnover ratio?

A company has the following Accounting data: • Beginning balance of accounts receivable: $40,000 ⚫ Ending balance of accounts receivable: $50,000 • ⚫ Sales revenue: $500,000 • ⚫ Cash collections from customers: $470,000 What is the company's accounts receivable turnover ratio?

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 9RQSC: Assume that an organization asserts that it has $35 million in net accounts receivable. Describe...

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Question

Calculate account receivable turnover ration?

A company has the following Accounting data:
•
Beginning balance of accounts receivable: $40,000
⚫ Ending balance of accounts receivable: $50,000
•
⚫ Sales revenue: $500,000
•
⚫ Cash collections from customers: $470,000
What is the company's accounts receivable turnover ratio?

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Subject: financial accounting
A company has net sales of $489,600 and average accounts receivable of $40,800. What is its accounts receivable turnover? a. 0.08 c. 1,341.00 e. 111.78 b. 30.41 d. 12.00
Assume that company solve question ❓