Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. owers company reported net sales of $1,350,000, av

owers Company reported net sales of $1,350,000, average Accounts Receivable, net of $63,500, and net...

60.1K

Verified Solution

Question

Accounting

image

owers Company reported net sales of $1,350,000, average Accounts Receivable, net of $63,500, and net income of $57,400. The accounts receivable rnover ratio is: Multiple Choice 0.47 times. 40.5 times. 22.3 times. 20.3 times. 21.3 times

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