Lynford Electronics had the following Accounting data for the year: . Net Credit Sales: $960,000 Accounts Receivable at the Beginning of the Year: $80,000 Accounts Receivable at the End of the Year: $100,000 What is Lynford Electronics' Receivables Turnover Ratio for the year?

Lynford Electronics had the following Accounting data for the year: . Net Credit Sales: $960,000 Accounts Receivable at the Beginning of the Year: $80,000 Accounts Receivable at the End of the Year: $100,000 What is Lynford Electronics' Receivables Turnover Ratio for the year?

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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Quick answer general accounting

Lynford Electronics had the following Accounting data for the year:
.
Net Credit Sales: $960,000
Accounts Receivable at the Beginning of the Year: $80,000
Accounts Receivable at the End of the Year: $100,000
What is Lynford Electronics' Receivables Turnover Ratio for the year?

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