Johnson Electronics provides the following information: Net credit sales: $800,000 Net accounts receivable, beginning of year: $45,000 Net accounts receivable, end of year: $35,000 How much is the accounts receivable turnover ratio? a. 16.00 b. 20.00 c. 22.86 d. 25.00

Johnson Electronics provides the following information: Net credit sales: $800,000 Net accounts receivable, beginning of year: $45,000 Net accounts receivable, end of year: $35,000 How much is the accounts receivable turnover ratio? a. 16.00 b. 20.00 c. 22.86 d. 25.00

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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Johnson Electronics provides the following information:
Net credit sales: $800,000 Net accounts receivable, beginning of year:
$45,000 Net accounts receivable, end of year: $35,000
How much is the accounts receivable turnover ratio?
a. 16.00
b. 20.00
c. 22.86
d. 25.00

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