Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below: ...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below:
| 2021 | 2020 | ||||||
| Accounts receivable | $ | 93,000 | $ | 85,000 | |||
| Merchandise inventory | 71,000 | 85,000 | |||||
| Net sales | 413,000 | 385,000 | |||||
| Cost of goods sold | 253,000 | 233,000 | |||||
Huckabee's 2021 receivables turnover (rounded to 2 decimal places) is:
Multiple Choice
-
4.44.
-
4.64.
-
2.84.
-
3.24.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.