Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the rye corporation has provided the following inf

The Rye Corporation has provided the following Information: Total sales were $1,215,000 Beginning net accounts...

60.1K

Verified Solution

Question

Accounting

image

The Rye Corporation has provided the following Information: Total sales were $1,215,000 Beginning net accounts recelvable was $46,500. .Ending net accounts recelvable was $64,250. .Sales returns and allowances totaled $103,000. What was Rye's recelvables turnover ratio? 21.90 O 20.08 18.90 O 10.04

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