The financial statements of Langford Manufacturing Company report net sales of $620,000 and accounts receivable of $95,000 at the beginning of the year and $55,000 at the end of the year. What is the accounts receivable turnover for Langford?

The financial statements of Langford Manufacturing Company report net sales of $620,000 and accounts receivable of $95,000 at the beginning of the year and $55,000 at the end of the year. What is the accounts receivable turnover for Langford?

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 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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Please explain this financial accounting problem by applying valid financial principles.

The financial statements of Langford Manufacturing
Company report net sales of $620,000 and accounts
receivable of $95,000 at the beginning of the year and
$55,000 at the end of the year.
What is the accounts receivable turnover for Langford?

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What is the accounts receivable turnover
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What is the accounts receivable turnover ratio for the year of this accounting question?