The company's net sales are $45,000, and the beginning balance and the ending balance of net accounts receivable are $3,200 and $5,400 respectively. What is the receivable turnover ratio? A. 0.10 B. 10.47 C. 0.19 D. 5.23

The company's net sales are $45,000, and the beginning balance and the ending balance of net accounts receivable are $3,200 and $5,400 respectively. What is the receivable turnover ratio? A. 0.10 B. 10.47 C. 0.19 D. 5.23

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 receivables turnover ratio? General accounting question please solve

The company's net sales are $45,000, and the
beginning balance and the ending balance of net
accounts receivable are $3,200 and $5,400
respectively. What is the receivable turnover ratio?
A. 0.10
B. 10.47
C. 0.19
D. 5.23

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What is the receivable turnover ratio?