Skyline Electronics had net credit sales during the year of $2,000,000 and a cost of goods sold of $1,200,000. The balance in accounts receivable at the beginning of the year was $250,000, and at the end of the year, it was $150,000. What was the accounts receivable turnover? A) 6.7 B) 8 C) 9.5 D) 10

Skyline Electronics had net credit sales during the year of $2,000,000 and a cost of goods sold of $1,200,000. The balance in accounts receivable at the beginning of the year was $250,000, and at the end of the year, it was $150,000. What was the accounts receivable turnover? A) 6.7 B) 8 C) 9.5 D) 10

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....

See similar textbooks

Similar questions

Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note: Round answers to two decimal places. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit sales for the year are $567,920. What is the days sales in receivables ratio for 2018 (rounded to the nearest whole number)? A. 190 days B. 109 days C. 110 days D. 101 days
what was the accounts receivable turnover?
What was the accounting receivable turnover?
ord Corporation had net credit sales during the year of $1116550 and cost of goods sold of $448000. The balance in accounts receivable at the beginning of the year was $114000 and at the end of the year was $160000. What was the accounts receivable turnover? 6.9 8.2 5.0 10.2
Larkspur Salon Supply Corporation had net credit sales during the year of $1100800 and cost of goods sold of $712000. The net accounts receivable at the beginning of the year was $117600 and at the end of the year was $138400. What was the accounts receivable turnover? 7.3 10.6 5.4 8.6
Maloney Company had net credit sales during the year of $1,200,000 and cost of goods sold of $750,000. The balance in accounts receivable at the beginning of the year was $120,000, and the end of the year it was $180,000. What was the accounts receivable turnover ratio? Question 15 options: A) 6.7 B) 8.0 C) 10.0 D) 5.0
General accounting
Wildhorse Co. had net credit sales during the year of $1223200 and cost of goods sold of $712000. The balance in accounts receivable at the beginning of the year was $121200 and at the end of the year was $156800. What was the accounts receivable turnover? 10.8 7.5 5.6 8.8
Twist Corp. has a current accounts receivable balance of $357,615. Credit sales for the year just ended were $2,936,600. a. What is the receivables turnover? b. What is the days' sales in receivables?
Give me this question solution