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Morton Electronics had net credit sales of $900,000 during the year and cost of goods sold of $600,000. The accounts receivable balance was $120,000 at the beginning of the year and $100,000 at the end of the year. What was the accounts receivable turnover? a. 7.5 b. 8.2 c. 6.0 d. 5.4

Morton Electronics had net credit sales of $900,000 during the year and cost of goods sold of $600,000. The accounts receivable balance was $120,000 at the beginning of the year and $100,000 at the end of the year. What was the accounts receivable turnover? a. 7.5 b. 8.2 c. 6.0 d. 5.4

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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Morton Electronics had net credit sales of $900,000 during the year and cost of goods sold of $600,000. The accounts receivable balance was $120,000 at the beginning of the year and $100,000 at the end of the year. What was the accounts receivable turnover? a. 7.5 b. 8.2 c. 6.0 d. 5.4
Transcribed Image Text:Morton Electronics had net credit sales of $900,000 during the year and cost of goods sold of $600,000. The accounts receivable balance was $120,000 at the beginning of the year and $100,000 at the end of the year. What was the accounts receivable turnover? a. 7.5 b. 8.2 c. 6.0 d. 5.4
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