Marshall Corporation reported the following data for 2024: • Net credit sales: $900,000 ⚫ Beginning accounts receivable (net): $82,000 ⚫ Ending accounts receivable (net): $94,000 Calculate: a) Accounts receivable turnover b) Average collection period in days

Marshall Corporation reported the following data for 2024: • Net credit sales: $900,000 ⚫ Beginning accounts receivable (net): $82,000 ⚫ Ending accounts receivable (net): $94,000 Calculate: a) Accounts receivable turnover b) Average collection period in days

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 of this accounting questions

Marshall Corporation reported the following data for 2024:
•
Net credit sales: $900,000
⚫ Beginning accounts receivable (net): $82,000
⚫ Ending accounts receivable (net): $94,000
Calculate: a) Accounts receivable turnover b) Average collection period in
days

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