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?
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?
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
Related questions
Question
What is the
Transcribed Image Text: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?
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