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Maxwell Distributors information: Net credit sales provides the following $620,000 Net accounts receivable, beginning of $28,400 year Net accounts receivable, end of year $22,600 How much is the accounts receivable turnover ratio?

Maxwell Distributors information: Net credit sales provides the following $620,000 Net accounts receivable, beginning of $28,400 year Net accounts receivable, end of year $22,600 How much is the accounts receivable turnover ratio?

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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How much is the accounts receivable turnover ratio

Maxwell Distributors information: Net credit sales provides the following $620,000 Net accounts receivable, beginning of $28,400 year Net accounts receivable, end of year $22,600 How much is the accounts receivable turnover ratio?
Transcribed Image Text:Maxwell Distributors information: Net credit sales provides the following $620,000 Net accounts receivable, beginning of $28,400 year Net accounts receivable, end of year $22,600 How much is the accounts receivable turnover ratio?
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