i need this question answer general accounting Chen Electronics reports 2024 revenue of $15 billion.During 2024, its accounts receivable increased by $0.6billion, accounts payable rose by $0.9 billion, inventoriesincreased by $0.3 billion, and unearneddecreased by $0.4 billion. Calculate its ratio of revenue tocash collected from customers in 2024.a. 1.07b. 1.12c. 0.98d. 1.15e. 1.03

Step 1: Given Revenue = $15,000,000,000Increase in accounts receivable = $6,000,000Decrease in…

Answered: Chen Electronics reports 2024 revenue…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 12Q: Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales...

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4. A Company has Net Sales of 2,000,000 for 2020, Accounts Recitable for 500,000 in 2020, and Accounts Receivable of 350,000 in 2019. Calculate the Accounts Receivable Turnover Ratio.
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