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A corporation has provided the following data: Accounts receivable Inventory Sales on account Cost of goods sold This Year Last Year $107,000 $108,000 $179,000 $187,000 $843,000 $591,000 The accounts receivable turnover for this year is closest to: 7.84 4.61 ○ 6.73 O 3.23 Previous Guidelines

A corporation has provided the following data: Accounts receivable Inventory Sales on account Cost of goods sold This Year Last Year $107,000 $108,000 $179,000 $187,000 $843,000 $591,000 The accounts receivable turnover for this year is closest to: 7.84 4.61 ○ 6.73 O 3.23 Previous Guidelines

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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A corporation has provided the following data: Accounts receivable Inventory Sales on account Cost of goods sold This Year Last Year $107,000 $108,000 $179,000 $187,000 $843,000 $591,000 The accounts receivable turnover for this year is closest to: 7.84 4.61 ○ 6.73 O 3.23 Previous Guidelines
Transcribed Image Text:A corporation has provided the following data: Accounts receivable Inventory Sales on account Cost of goods sold This Year Last Year $107,000 $108,000 $179,000 $187,000 $843,000 $591,000 The accounts receivable turnover for this year is closest to: 7.84 4.61 ○ 6.73 O 3.23 Previous Guidelines
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