Excerpts from Huckabee Company's December 31, 2016 and 2015, financial statements are presented below: 2016...
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Accounting
Excerpts from Huckabee Company's December 31, 2016 and 2015, financial statements are presented below: 2016 2015 Accounts receivable $88,000 $80,000 Merchandise inventory 66,000 80,000 Net sales 408,000 380,000 Cost of goods sold 248,000 228,000 Huckabee's 2016 receivables turnover (rounded to 2 decimal places) is:
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