The Nicholas Company had net sales on account of $6,570,000 during 1998. The beginning and ending accounts receivable were $475,000 and 535,000 respectively. Compute the accounts receivable turnover ratio.

The Nicholas Company had net sales on account of $6,570,000 during 1998. The beginning and ending accounts receivable were $475,000 and 535,000 respectively. Compute the accounts receivable turnover ratio.

Name: The Nicholas Company had net sales on account of $6,570,000 during 199
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Description: The Nicholas Company had net sales on account of $6,570,000 during 1998. Thebeginning and ending accounts receivable were $475,000 and 535,000 respectively.Compute the accounts receivable turnover ratio.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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