Powers Company reported net sales of $1,270,000, average Accounts Receivable, net of $71,500, and net income of $54,000. The accounts receivable turnover ratio is: a. 0.56 times. b. 16.8 times. c. 33.5 times. d. 178 times. e. 18.8 times.

Powers Company reported net sales of $1,270,000, average Accounts Receivable, net of $71,500, and net income of $54,000. The accounts receivable turnover ratio is: a. 0.56 times. b. 16.8 times. c. 33.5 times. d. 178 times. e. 18.8 times.

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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Powers Company reported net sales of $1,270,000, average
Accounts Receivable, net of $71,500, and net income of $54,000.
The accounts receivable turnover ratio is:
a. 0.56 times.
b. 16.8 times.
c. 33.5 times.
d. 178 times.
e. 18.8 times.

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