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Larkspur Salon Supply Corporation had net credit sales during the year of $1100800 and cost of goods sold of $712000. The net accounts receivable at the beginning of the year was $117600 and at the end of the year was $138400. What was the accounts receivable turnover? 7.3 10.6 5.4 8.6

Larkspur Salon Supply Corporation had net credit sales during the year of $1100800 and cost of goods sold of $712000. The net accounts receivable at the beginning of the year was $117600 and at the end of the year was $138400. What was the accounts receivable turnover? 7.3 10.6 5.4 8.6

Managerial Accounting: The Cornerstone of Business Decision-Making
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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Larkspur Salon Supply Corporation had net credit sales during the year of $1100800 and cost of goods sold of $712000. The net accounts receivable at the beginning of the year was $117600 and at the end of the year was $138400. What was the accounts receivable turnover? 7.3 10.6 5.4 8.6
Transcribed Image Text:Larkspur Salon Supply Corporation had net credit sales during the year of $1100800 and cost of goods sold of $712000. The net accounts receivable at the beginning of the year was $117600 and at the end of the year was $138400. What was the accounts receivable turnover? 7.3 10.6 5.4 8.6
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