Based on the following data, what is the accounts receivable turnover? Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year O a. 12.1 O b. 2.7 O c. 13.2 O d. 5.1 $551,804 204,336 41,658 49,572 92,980 108,799
Based on the following data, what is the accounts receivable turnover? Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year O a. 12.1 O b. 2.7 O c. 13.2 O d. 5.1 $551,804 204,336 41,658 49,572 92,980 108,799
Chapter1: Financial Statements And Business Decisions
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![Based on the following data, what is the accounts receivable turnover?
Sales on account during year
Cost of goods sold during year
Accounts receivable, beginning of year
Accounts receivable, end of year
Inventory, beginning of year
Inventory, end of year
a. 12.1
b. 2.7
c. 13.2
O d. 5.1
$551,804
204,336
41,658
49,572
92,980
108,799](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7fe5a73-45e4-4166-8ba1-50e355550dfc%2Fef214b42-d507-4329-95fe-a95aaea2ce8d%2F3yo0b7a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Based on the following data, what is the accounts receivable turnover?
Sales on account during year
Cost of goods sold during year
Accounts receivable, beginning of year
Accounts receivable, end of year
Inventory, beginning of year
Inventory, end of year
a. 12.1
b. 2.7
c. 13.2
O d. 5.1
$551,804
204,336
41,658
49,572
92,980
108,799
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