The year-end financial statements of Rally Company for the current year, report total revenues of $19,829 million, accounts receivable of $1,399 million at the current year-end, and $1,318 million for the prior year-end.. The company's accounts receivable turnover for the year is: A) 14.6 times

The year-end financial statements of Rally Company for the current year, report total revenues of $19,829 million, accounts receivable of $1,399 million at the current year-end, and $1,318 million for the prior year-end.. The company's accounts receivable turnover for the year is: A) 14.6 times

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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Question

The year-end financial statements of Rally
Company for the current year, report total
revenues of $19,829 million, accounts
receivable of $1,399 million at the current
year-end, and $1,318 million for the prior
year-end..
The company's accounts receivable turnover
for the year is:
A) 14.6 times
B) 14.2 times
C) 15.0 times
D) 15,4 times
E) None of these are correct.

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