Windsor Manufacturing Inc. has provided the following data: Item This Year Last Year Accounts Receivable $98,500 Inventory $108,200 $182,000 $169,500 $915,000 Cost of Goods Sold $640,000 Sales on Account Compute the accounts receivable turnover for this year.

Windsor Manufacturing Inc. has provided the following data: Item This Year Last Year Accounts Receivable $98,500 Inventory $108,200 $182,000 $169,500 $915,000 Cost of Goods Sold $640,000 Sales on Account Compute the accounts receivable turnover for this year.

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 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...

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Question

Give correct answer this financial accounting question

Windsor Manufacturing Inc. has provided the following data:
Item
This Year Last Year
Accounts Receivable $98,500
Inventory
$108,200
$182,000 $169,500
$915,000
Cost of Goods Sold
$640,000
Sales on Account
Compute the accounts receivable turnover for this year.

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Compute the account receivable turnover
What is the accounts receivable turnover?
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