Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $885,000 for 2018 and $1,092,000 for 2019. Accounts Receivable $80,000 for 2018 and $115,000 for 2019. Allowance for Doubtful Accounts $6,000 for 2018 and 6,500 for 2019. Calculate the accounts receivable turnover ratio.

Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $885,000 for 2018 and $1,092,000 for 2019. Accounts Receivable $80,000 for 2018 and $115,000 for 2019. Allowance for Doubtful Accounts $6,000 for 2018 and 6,500 for 2019. Calculate the accounts receivable turnover ratio.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 12E: Inferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120...

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