Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. grinding, incorporated had net accounts... grandv

Grinding, Incorporated had net accounts... Grandview Grinding, Incorporated had net accounts receivable of $135,800...

70.2K

Verified Solution

Question

Accounting

Grinding, Incorporated had net accounts...
Grandview Grinding, Incorporated had net accounts receivable of $135,800 at the beginning of the year and $144,800 at the end of the year. If the company's net sales revenue during the year was $1,753,750, what is the receivables turnover ratio?
Multiple Choice
0.08
12.5
0.034
29.2

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the monthly payment for a $800,000 mortgage for the first 119 payments that is...

Finance
Q

2. Guyana forestry Commission wishes to carry out a survey to characterize Acai berry palms within...

Advance Math
Q

how did the natives responded to the growth of the British colonial population and movement west...

Psychology
Q

Kinetic friction is a constant-value force, while static friction changed in response to other forces, up...

Physics
Q

5 A Draw a diagram to show the energy changes in an oscillating simple pendulum...

Physics
Q

More pitching: A baseball pitcher threw 3365 pitches during part of a recent season. Of...

Statistics
Q

If the vector v can be written as a linear combination of V? and v?...

Algebra
Q

When preparing a statement of cash flows using...

Accounting
Q

A machine costing $209,800 with a four.year life and an estimated $17,000 salvage vafue is...

Accounting
Q

Consider two mutually exclusive projects A and B : a. Calculate IRRs for A and...

Accounting
Q

List the chargeable income that one individual can have..explain with example

Accounting
Q

Data table vorksheet as of Dec Prepaid Rent HW Score: 42 Rent Expense Retained Earnings...

Accounting