A company reports the following Infommation for the year. Net credit sales $110,000 12,000 98,000 Average accounts receivable Cash collections on credit sales What Is the company's receivables turnover ratio? (Round your answer to 1 decimal place.)

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.9.1MBA
icon
Related questions
Topic Video
Question
pe Sistema TAL
Saved
TB MC Qu. 5-177 A company reports the following Informartion...
A company reports the following Information for the year.
Net credit sales
$110,000
12,000
98,000
Average accounts
Heceivable
Cash collections on credit sales
What Is the company's receivables turnover ratio? (Round your answer to 1 decimal place.)
Multiple Cholce
01.
Transcribed Image Text:pe Sistema TAL Saved TB MC Qu. 5-177 A company reports the following Informartion... A company reports the following Information for the year. Net credit sales $110,000 12,000 98,000 Average accounts Heceivable Cash collections on credit sales What Is the company's receivables turnover ratio? (Round your answer to 1 decimal place.) Multiple Cholce 01.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning