Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. beverage international reports net credit sales fo

Beverage International reports net credit sales for the year of $288,000....

50.1K

Verified Solution

Question

Accounting

Beverage International reports net credit sales for the year of $288,000. The company's accounts receivable balance at the beginning of the year equaled $32,000 and the balance at the end of the year equaled $42,000. What is Beverage International's receivables turnover ratio? (Round your answer to one decimal place.)

7.8

1.3

6.9

9.0

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Because of _______________, renin is released by _____________. Select one: a. ADH activity; mesangial cells b....

Finance
1.2K views

• Summarize the most significant uses of the funds banks obtain; include a description of each...

Mechanical Engineering
1.2K views

Please derive the full expression of the rotation matrices R123(φ, θ, ψ) and R321(ψ, θ, φ).

Biology
1.2K views

5 Compare Select the human blood sample Observe at 400x Look under Show information on...

Physics
1.2K views

An electron mass m with initial velocity vector v voi Voj is in an electric...

Physics
1.2K views

3 30J The work done at the end of displacement 20cm according to the F...

Basic Math
1.2K views

For his phone service, Alonzo pays a monthly fee of $14, and he pays an...

Algebra
1.2K views

Question 31 Points 2 Capitalism is the free market economy whereas socialism is the innovative...

Accounting
1.2K views

Problem 7-16A Schedules of Expected Cash Collections and Disbursements [LO2, LO4, LO8] ...

Accounting
1.2K views

1. Which of the following statements is not true for a contract with multiple performance...

Accounting
1.2K views

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases...

Accounting
1.2K views

the cost of batteries in the sales staffs automobile fleet should be charged to the...