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Saud's company has net sales of $650,000 and average accounts receivable of $25,000. What is its account receivable turnover? a. 20.18 b. 30.41 c. 26 d. 12

Saud's company has net sales of $650,000 and average accounts receivable of $25,000. What is its account receivable turnover? a. 20.18 b. 30.41 c. 26 d. 12

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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What is its account receivable turnover on these general accounting question?

Saud's company has net sales of $650,000 and average accounts receivable of $25,000. What is its account receivable turnover? a. 20.18 b. 30.41 c. 26 d. 12
Transcribed Image Text:Saud's company has net sales of $650,000 and average accounts receivable of $25,000. What is its account receivable turnover? a. 20.18 b. 30.41 c. 26 d. 12
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