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: 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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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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