Based on the following data, what is the accounts receivable turnover? Line Item Description Amount Sales on account during year $437,061 Cost of goods sold during year 206,268 Accounts receivable, beginning of year 46,698 Accounts receivable, end of year 45,197 Inventory, beginning of year 93,276 Inventory, end of year 109,687
Based on the following data, what is the accounts receivable turnover? Line Item Description Amount Sales on account during year $437,061 Cost of goods sold during year 206,268 Accounts receivable, beginning of year 46,698 Accounts receivable, end of year 45,197 Inventory, beginning of year 93,276 Inventory, end of year 109,687
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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Based on the following data, what is the
Line Item Description | Amount |
---|---|
Sales on account during year | $437,061 |
Cost of goods sold during year | 206,268 |
Accounts receivable, beginning of year | 46,698 |
Accounts receivable, end of year | 45,197 |
Inventory, beginning of year | 93,276 |
Inventory, end of year | 109,687 |
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