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Wall Corporation’s books disclosed the following information as of and for the year ended December 31,2013;  Net credit sales                                                           P 3,000,000  Net cash sales                                                                  480,000  Accounts receivable at beginning                                   400,000  Accounts receivable at ending                                         800,000 Wall’s accounts receivable turnover is a. 3.57 times b. 3.85 times c. 5.36 times d. 5.77 times

Wall Corporation’s books disclosed the following information as of and for the year ended December 31,2013;  Net credit sales                                                           P 3,000,000  Net cash sales                                                                  480,000  Accounts receivable at beginning                                   400,000  Accounts receivable at ending                                         800,000 Wall’s accounts receivable turnover is a. 3.57 times b. 3.85 times c. 5.36 times d. 5.77 times

FINANCIAL ACCOUNTING
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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Wall Corporation’s books disclosed the following information as of and for the year ended December 31,2013;

 Net credit sales                                                           P 3,000,000
 Net cash sales                                                                  480,000
 Accounts receivable at beginning                                   400,000
 Accounts receivable at ending                                         800,000

Wall’s accounts receivable turnover is
a. 3.57 times
b. 3.85 times
c. 5.36 times
d. 5.77 times

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