Trinity Manufacturing has total sales of $2,150 and accounts receivable of $525. What is the Receivables Turnover Ratio?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...
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What is the receivable turnover ratio?

Trinity Manufacturing has total
sales of $2,150 and accounts
receivable of $525.
What
is the
Receivables
Turnover Ratio?
Transcribed Image Text:Trinity Manufacturing has total sales of $2,150 and accounts receivable of $525. What is the Receivables Turnover Ratio?
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