Skyline Corporation provided the following financial data for the current year: Net sales Cost of goods sold Inventory, beginning of year Inventory, end of year $5,800,000 $3,600,000 $290,000 $375,000 Accounts receivable, beginning of year $190,000 Accounts receivable, end of year $315,000 What is the accounts receivable turnover for Skyline Corporation? a. 32.56 b. 19.78 c. 22.97 d. 15.45

Skyline Corporation provided the following financial data for the current year: Net sales Cost of goods sold Inventory, beginning of year Inventory, end of year $5,800,000 $3,600,000 $290,000 $375,000 Accounts receivable, beginning of year $190,000 Accounts receivable, end of year $315,000 What is the accounts receivable turnover for Skyline Corporation? a. 32.56 b. 19.78 c. 22.97 d. 15.45

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 the accounts receivable turnover?
Provide Answer with calculation and explanation
Based on the following data, what is the accounts receivable turnover? Sales on account during year $536,923 Cost of goods sold during year 216,047 Accounts receivable, beginning of year 43,517 Accounts receivable, end of year 50,956 Inventory, beginning of year 87,109 Inventory, end of year 111,914 a.2.5 b.4.8 c.11.4 d.12.3
The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 Accounts Receivable turnover Average collection period (b) B I U T₂ T² Ix 2022 $550,000 4,300,000 2022 7.9 times lil 2021 What conclusions about the management of accounts receivable can be drawn from the accounts receivable turnover and the average collections period. € $540,000 4,000,000 2021 46.2 days 48.7 days 7.5 times W 144 144 들 3 99 = á T ¶₁
Based on the following data, what is the accounts receivable turnover? Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year Oa. 11.7 Ob. 5.4 Oc. 2.7 C. Od. 11.9 $590,953 217,271 49,800 50,913 88,221 108,726
Based on the following data, what is the accounts receivable turnover? Sales on account during year $473,995 Cost of goods sold during year 199,972 Accounts receivable, beginning of year 42,169 Accounts receivable, end of year 49,032 Inventory, beginning of year 96,940 Inventory, end of year 110,654 Oa. 10.4 Оb. 2.4 Oc. 4.3 Od. 11.2