Somen to Park Corporation had net credit sales of $4,060,000 and cost of goods sold of $3,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $650,000 and $750,000, respectively. The accounts receivable turnover was
A) 6.7 times.
B) 6.2 times.
C) 5.8 times.
D) 6.4 times.
Correct Answer:
Verified
Q85: The debt to assets ratio measures
A) the
Q144: The asset turnover measures
A) how often a
Q151: The profit margin is calculated by dividing
A)
Q151: Chodron Corporation had net credit sales of
Q153: Tito Corporation had net income of $2,000,000
Q154: BVI Corporation had net income of $1,600,000
Q156: Hickory Hills Pro Shop had a balance
Q157: Bill's Dollar Store had a balance in
Q159: LKN Company had net credit sales of
Q160: Savory Thymes, Inc.had net credit sales of
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