Maple General Store had the following data for the year: • Credit Sales: $3,600,000 . Cost of Goods Sold: $2,500,000 (not needed for this calculation) Accounts Receivable at Beginning of Year: $500,000 Accounts Receivable at End of Year: $700,000 What was Maple General Store's receivables turnover ratio?

Maple General Store had the following data for the year: • Credit Sales: $3,600,000 . Cost of Goods Sold: $2,500,000 (not needed for this calculation) Accounts Receivable at Beginning of Year: $500,000 Accounts Receivable at End of Year: $700,000 What was Maple General Store's receivables turnover ratio?

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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What was the accounts receivable turnover ratio?
How much is the account receivable turnover ratio?
can you please solve this