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MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU Receivables turnover 2020 Formula Receivables turnover = Net Credit Sales = 84,343 Average Accounts Receivable = 10,746 Given Net Credit Sales Average Accounts Receivable Solution Receivables turnover = 84,343 10,746 Answer Receivables turnover = 7.849 2019 Net Credit Sales = 92,568 Average Accounts Receivable = 11,766 92,568 11,766 Receivables turnover = 7.867 Receivables turnover =

MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU Receivables turnover 2020 Formula Receivables turnover = Net Credit Sales = 84,343 Average Accounts Receivable = 10,746 Given Net Credit Sales Average Accounts Receivable Solution Receivables turnover = 84,343 10,746 Answer Receivables turnover = 7.849 2019 Net Credit Sales = 92,568 Average Accounts Receivable = 11,766 92,568 11,766 Receivables turnover = 7.867 Receivables turnover =

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU Receivables turnover Given 2020 Formula Receivables turnover = Net Credit Sales Average Accounts Receivable Net Credit Sales = 84,343 Average Accounts Receivable = 10,746 Solution Receivables turnover = 84,343 10,746 Answer Receivables turnover = 7.849 2019 Net Credit Sales = 92,568 Average Accounts Receivable = 11,766 Receivables turnover 92,568 11,766 Receivables turnover = 7.867
Transcribed Image Text:MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU Receivables turnover Given 2020 Formula Receivables turnover = Net Credit Sales Average Accounts Receivable Net Credit Sales = 84,343 Average Accounts Receivable = 10,746 Solution Receivables turnover = 84,343 10,746 Answer Receivables turnover = 7.849 2019 Net Credit Sales = 92,568 Average Accounts Receivable = 11,766 Receivables turnover 92,568 11,766 Receivables turnover = 7.867
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