The following information is from the annual financial statements of Duke Company.
$\begin{array}{llr}
&2014&2013&2012\
\text { Net sales } &\$385,000&\$308,000&\$255,000\
\text {Accounts receivable, net (year-end) } &57,500&54,000&44,700
\end{array}$

Calculate the accounts receivable turnover ratio for 2013 and 2014.

Question

The following information is from the annual financial statements of Duke Company.
 $\begin{array}{llr}
 &2014&2013&2012\
 \text { Net sales } &\$385,000&\$308,000&\$255,000\
 \text {Accounts receivable, net (year-end)  } &57,500&54,000&44,700
\end{array}$

Calculate the accounts receivable turnover ratio for 2013 and 2014.

Quizplus · Accepted Answer

The Answer of The following information is from the annual financial statements of Duke Company.
 $\begin{array}{llr}
 &2014&2013&2012\
 \text { Net sales } &\$385,000&\$308,000&\$255,000\
 \text {Accounts receivable, net (year-end)  } &57,500&54,000&44,700
\end{array}$

Calculate the accounts receivable turnover ratio for 2013 and 2014.

The Following Information Is from the Annual Financial Statements of Duke