Financial and Managerial Accounting
Financial and Managerial Accounting
7th Edition
ISBN: 9781259726705
Author: John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter 7, Problem 12QS
To determine

Accounts receivable turnover:

It refers to the ratio between net sales and average accounts receivable which determines the amount of net sales in multiple of average accounts receivable to ensure the quality of recovery and liquidity of accounts receivable.

To compute: Account receivable turnover from the given data for net sales and accounts receivables.

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Accounts Receivable and Accounts Payable; Author: The Finance Storyteller;https://www.youtube.com/watch?v=x_aUWbQa878;License: Standard Youtube License