Based on the following data, what is the accounts receivable turnover? Sales on account during year $536,923 Cost of goods sold during year 216,047 Accounts receivable, beginning of year 43,517 Accounts receivable, end of year 50,956 Inventory, beginning of year 87,109 Inventory, end of year 111,914 a.2.5 b.4.8 c.11.4 d.12.3
Based on the following data, what is the accounts receivable turnover? Sales on account during year $536,923 Cost of goods sold during year 216,047 Accounts receivable, beginning of year 43,517 Accounts receivable, end of year 50,956 Inventory, beginning of year 87,109 Inventory, end of year 111,914 a.2.5 b.4.8 c.11.4 d.12.3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Based on the following data, what is the
| Sales on account during year | $536,923 |
| Cost of goods sold during year | 216,047 |
| Accounts receivable, beginning of year | 43,517 |
| Accounts receivable, end of year | 50,956 |
| Inventory, beginning of year | 87,109 |
| Inventory, end of year | 111,914 |
a.2.5
b.4.8
c.11.4
d.12.3
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