Eclipse Corporation reported net sales of $2,850,000, average Accounts Receivable (net) of $158,333, and net income of $125,000. The accounts receivable turnover ratio is closest to: a. 15.5 times b. 18.0 times c. 22.8 times d. 25.4 times e. 17.5 times

Eclipse Corporation reported net sales of $2,850,000, average Accounts Receivable (net) of $158,333, and net income of $125,000. The accounts receivable turnover ratio is closest to: a. 15.5 times b. 18.0 times c. 22.8 times d. 25.4 times e. 17.5 times

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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What is the correct answer general Accounting? ?

Eclipse Corporation reported net sales of $2,850,000, average
Accounts Receivable (net) of $158,333, and net income of
$125,000. The accounts receivable turnover ratio is closest to:
a. 15.5 times
b. 18.0 times
c. 22.8 times
d. 25.4 times
e. 17.5 times

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