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Simon’s company has net sales of $720,000 and average accounts receivable of $30,000. What is its accounts receivable turnover? a. 22.45 b. 28.50 c. 24 d. 14

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 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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Simon’s company has net sales of $720,000 and average accounts receivable of $30,000. What is its accounts receivable turnover? a. 22.45 b. 28.50 c. 24 d. 14

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