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

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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