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powers company reported set sales of 1,290,000 averahe account R net of 68500 and net income of 54850 the accounts R turnover ratio is 0.54 times 17.6 times 35.1 times 18.6 times 19.6 times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

powers company reported set sales of 1,290,000 averahe account R net of 68500 and net income of 54850 the accounts R turnover ratio is

0.54 times

17.6 times

35.1 times

18.6 times

19.6 times

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WRITE YOUR DISCUSSION AND RECOMMENDATION ABOUT AVERAGE COLLECTION PERIOD TO ACCOUNTS PAYABLE TURNOVER