The following information is from the annual financial statements of Nancy Company. Net sales Account...
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The following information is from the annual financial statements of Nancy Company. Net sales Account receivable, net (year-end) 2013 2012 2011 $342,000 $266,000 $313,000 51,400 48,500 45,200 What is the accounts receivable turnover ratio for 2012? Multiple Choice O 5.68 O O 6.65 O 6.92 O 48,367 O 5.50 A company purchased a POS cash register on January 1 for $5,700. This register has a useful life of 10 years and a salvage value of $430 What would be the depreciation expense for the second year of its useful life using the double declining balance method? Multiple Choice $1,140 $1,054 O $912 $527 O O $860
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