What is the accounts receivable turnover ratio for this financial accounting question? Harborviewinformation:Electronicsprovides the following financial•Net credit sales: $620,000•Net accounts receivable, beginning of year: $28,000•Net accounts receivable, end of year: $22,500What is the accounts receivable turnover ratio for HarborviewElectronics?

Step 1: Definition of Accounts Receivable Turnover RatioThe Accounts Receivable Turnover Ratio…

Answered: Harborview information: Electronics…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 9E

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Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000. Nikkola had the following balances: Refer to the information for Nikkola Company above. Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
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The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 Accounts Receivable turnover Average collection period (b) B I U T₂ T² Ix 2022 $550,000 4,300,000 2022 7.9 times lil 2021 What conclusions about the management of accounts receivable can be drawn from the accounts receivable turnover and the average collections period. € $540,000 4,000,000 2021 46.2 days 48.7 days 7.5 times W 144 144 들 3 99 = á T ¶₁
How much is the accounts receivable turnover ratio on these financial accounting question?
How much is the accounts receivable turnover ratio on these accounting question?
Accounts receivable beginning year
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Harborview information: Electronics provides the following financial • Net credit sales: $620,000 • Net accounts receivable, beginning of year: $28,000 • Net accounts receivable, end of year: $22,500 What is the accounts receivable turnover ratio for Harborview Electronics?