Rick's Cars had a beginning account receivables balance of $320,000.The ending account receivables balance was $280,000.Net credit sales for the company were $4,200,000.The accounts receivable turnover for Rick's Cars is:
A) 12.92.
B) 14.
C) 13.44.
D) None of the above is correct.
Correct Answer:
Verified
Q86: Merchandise inventory turnover measures the relationship between:
A)cost
Q88: The net sales for James,Inc.were $4,000,000;net income
Q89: What is the rate of return on
Q90: A company has cash of $215,000;short-term investments
Q92: Topiary's Unlimited has a cost of goods
Q93: Isaiah Company has net income before interest
Q94: The acid test ratio is usually lower
Q95: Net income before taxes - preferred dividends
Q96: The liabilities of a company at the
Q115: A current ratio of 1.5 times would
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents