Answered: Saud's company has net sales of…

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

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

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

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