Winther Company has a receivables turnover of 15 times. The average net receivables during the period are P430,000. What is the amount of net credit sales for the period? Choices: P500,000 P6,000,000 P430,000 P6,450,000
Winther Company has a receivables turnover of 15 times. The average net receivables during the period are P430,000. What is the amount of net credit sales for the period? Choices: P500,000 P6,000,000 P430,000 P6,450,000
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 14MC: Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit...
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Winther Company has a receivables turnover of 15 times. The average net receivables during the period are P430,000. What is the amount of net credit sales for the period?
Choices:
P500,000
P6,000,000
P430,000
P6,450,000
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