Frantic Company had $130,000 in sales on account last year.The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000.The company's accounts receivable turnover was closest to:
A) 5.00 times.
B) 8.13 times.
C) 10.00 times.
D) 13.00 times.
Correct Answer:
Verified
Q59: Starrs Company has current assets of $300,000
Q68: Paul Company has $17,000 in cash,$3,000 in
Q69: Grave Company had $150,000 in sales on
Q70: Eral Company has $17,000 in cash,$3,000 in
Q71: Ben Company has the following data for
Q72: Erambo Company has $11,000 in cash,$6,000 in
Q75: Fracus Company had $100,000 in sales on
Q76: Granger Company had $180,000 in sales on
Q77: Marcy Corporation's current ratio is currently 1.75
Q78: At the end of the year just
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