FINANCIAL+MANAGERIAL ACCT CONNECT ACC
FINANCIAL+MANAGERIAL ACCT CONNECT ACC
9th Edition
ISBN: 9781266806414
Author: Wild
Publisher: MCG CUSTOM
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Chapter 7, Problem 3.1AA
To determine

Concept Introduction: Receivable turnover assesses the efficiency in the management of receivables. It shows how quickly the accounts receivable are converted into cash. Very high accounts receivable turnover suggests that management should consider using less strict credit terms to increase sales.

The accounts receivable turnover for the current year for Company S.

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