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Steinkraus Corporation has provided the following data: This Year Last Year Accounts receivable $104,000 $115,000 Inventory $195,000 $174,000 Sales on account $886,000 Cost of goods sold $622,000 Compute the accounts receivable turnover for this year.

Steinkraus Corporation has provided the following data: This Year Last Year Accounts receivable $104,000 $115,000 Inventory $195,000 $174,000 Sales on account $886,000 Cost of goods sold $622,000 Compute the accounts receivable turnover for this year.

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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Steinkraus Corporation has provided the following data: This Year Last Year Accounts receivable $104,000 $115,000 Inventory $195,000 $174,000 Sales on account $886,000 Cost of goods sold $622,000 Compute the accounts receivable turnover for this year.
Transcribed Image Text:Steinkraus Corporation has provided the following data: This Year Last Year Accounts receivable $104,000 $115,000 Inventory $195,000 $174,000 Sales on account $886,000 Cost of goods sold $622,000 Compute the accounts receivable turnover for this year.
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