The financial statements of Labbadia Manufacturing Company report net sales of $500,000 and accounts receivable of $80,000 and $40,000 at the beginning and end of the year, respectively. What is the accounts receivable turnover for Labbadia? a. 6.3 times. b. 8.3 times. c. 10 times. d. 12.5 times.

The financial statements of Labbadia Manufacturing Company report net sales of $500,000 and accounts receivable of $80,000 and $40,000 at the beginning and end of the year, respectively. What is the accounts receivable turnover for Labbadia? a. 6.3 times. b. 8.3 times. c. 10 times. d. 12.5 times.

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 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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Question

What is the accounts receivable turnover for Labbadia on these financial accounting question?

The financial statements of Labbadia Manufacturing Company report net
sales of $500,000 and accounts receivable of $80,000 and $40,000 at the
beginning and end of the year, respectively. What is the accounts
receivable turnover for Labbadia?
a. 6.3 times.
b. 8.3 times.
c. 10 times.
d. 12.5 times.

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