Clear Wave Technologies has cash of $120,000, net accounts receivable of $200,000, and net sales of $1,800,000. Last year's net accounts receivable were $160,000. Compute the Receivables Turnover for Clear Wave Technologies.

Clear Wave Technologies has cash of $120,000, net accounts receivable of $200,000, and net sales of $1,800,000. Last year's net accounts receivable were $160,000. Compute the Receivables Turnover for Clear Wave Technologies.

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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Question

General Accounting

Clear Wave Technologies has cash of $120,000, net accounts
receivable of $200,000, and net sales of $1,800,000. Last year's net
accounts receivable were $160,000.
Compute the Receivables Turnover for Clear Wave Technologies.

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