Powers Company reported Net sales of $1,290,000 and average Accounts Receivable, net of $69,500. The accounts receivable turnover ratio is: A. 0.54 times. B. 17.6 times. C. 35.1 times. D. 18.6 times. E. 19.6 times.

Powers Company reported Net sales of $1,290,000 and average Accounts Receivable, net of $69,500. The accounts receivable turnover ratio is: A. 0.54 times. B. 17.6 times. C. 35.1 times. D. 18.6 times. E. 19.6 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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Question

Correct answer? ? General Accounting

Powers Company reported Net sales of $1,290,000 and average
Accounts Receivable, net of $69,500. The accounts receivable
turnover ratio is:
A. 0.54 times.
B. 17.6 times.
C. 35.1 times.
D. 18.6 times.
E. 19.6 times.

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