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

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

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9E
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Net Accounts receivable beginning of year: 28400

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