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Southern Glow Corp. had net credit sales of $840,000 and accounts receivable of $90,000 at the beginning of the year and $110,000 at the end of the year. What is the accounts receivable turnover ratio for the company?

Southern Glow Corp. had net credit sales of $840,000 and accounts receivable of $90,000 at the beginning of the year and $110,000 at the end of the year. What is the accounts receivable turnover ratio for the company?

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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Southern Glow Corp. had net credit sales of $840,000 and accounts receivable of $90,000 at the beginning of the year and $110,000 at the end of the year. What is the accounts receivable turnover ratio for the company?
Transcribed Image Text:Southern Glow Corp. had net credit sales of $840,000 and accounts receivable of $90,000 at the beginning of the year and $110,000 at the end of the year. What is the accounts receivable turnover ratio for the company?
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