VC Corporation's books disclosed the following information as of December 31, 2021 P 2,000,000 Net credit sales 500,000 Net cash sales Merchandise purchased Inventory at beginning Inventory at end Accounts receivable at begiming Accounts receivable at end 1,000,000 600,000 200,000 300,000 700,000 Net income 100,000 VC Corporation's accounts receivable turnover is: Net credit sales Accounts receivable turnover = Average acCounts receivable a. 4.0 times O b. 5.0 O c. 3.6 times
VC Corporation's books disclosed the following information as of December 31, 2021 P 2,000,000 Net credit sales 500,000 Net cash sales Merchandise purchased Inventory at beginning Inventory at end Accounts receivable at begiming Accounts receivable at end 1,000,000 600,000 200,000 300,000 700,000 Net income 100,000 VC Corporation's accounts receivable turnover is: Net credit sales Accounts receivable turnover = Average acCounts receivable a. 4.0 times O b. 5.0 O c. 3.6 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 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...
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![VC Corporation's books disclosed the following information as of December 31, 2021
P 2,000,000
500,000
Net credit sales
Net cash sales
1,000,000
Merchandise purchased
Inventory at beginning
Inventory at end
Accounts receivable at beginning
Accounts receivable at end
600,000
200,000
300,000
700,000
Net income
100,000
VC Corporation's accounts receivable turnover is:
Net credit sales
Accounts receivable turnover =
Average accounts receivable
O a. 4.0 times
O b. 5.0
O c. 3.6 times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff45bccd8-abc3-49ba-a1b9-eceaf3b5cc54%2Fc3868764-d55c-4f52-8e13-161273398ffe%2Fkms36x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:VC Corporation's books disclosed the following information as of December 31, 2021
P 2,000,000
500,000
Net credit sales
Net cash sales
1,000,000
Merchandise purchased
Inventory at beginning
Inventory at end
Accounts receivable at beginning
Accounts receivable at end
600,000
200,000
300,000
700,000
Net income
100,000
VC Corporation's accounts receivable turnover is:
Net credit sales
Accounts receivable turnover =
Average accounts receivable
O a. 4.0 times
O b. 5.0
O c. 3.6 times
![1,000,000
Merchandise purchased
Inventory at beginning
Inventory at end
Accounts receivable at beginming
Accounts receivable at end
600,000
200,000
300,000
700,000
Net income
100,000
VC Corporation's accounts receivable turnover is:
Net credit sales
Accounts receivable turnover =
Average ac
ounts receivable
a. 4.0 times
b. 5.0
O c. 3.6 times
O d. 2.9 times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff45bccd8-abc3-49ba-a1b9-eceaf3b5cc54%2Fc3868764-d55c-4f52-8e13-161273398ffe%2Ftwcqruh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1,000,000
Merchandise purchased
Inventory at beginning
Inventory at end
Accounts receivable at beginming
Accounts receivable at end
600,000
200,000
300,000
700,000
Net income
100,000
VC Corporation's accounts receivable turnover is:
Net credit sales
Accounts receivable turnover =
Average ac
ounts receivable
a. 4.0 times
b. 5.0
O c. 3.6 times
O d. 2.9 times
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