It takes The Crossroads Boutique an average of 61 days to sell its inventory and 30 days to collect its accounts receivable.The firm has sales of $568,700 and costs of goods sold of $398,800.What is the accounts receivable turnover rate?
A) 5.98
B) 11.41
C) 12.17
D) 12.23
E) 12.55
Correct Answer:
Verified
Q57: Wilson's Realty has total assets of $46,800,net
Q58: Underwood Homes Sales has total assets of
Q59: Fresh Foods has sales of $213,600,total assets
Q60: The Space and Rocket Center takes an
Q61: Kessler,Inc.has accounts receivable of $31,600,total assets of
Q63: Tally Ho Inn has annual sales of
Q64: The Rainbow Company has total sales of
Q65: Goshen Industrial Sales has sales of $828,900,total
Q66: Freedom Health Centers has total equity of
Q67: Martha's Fabric House has sales of $137,200,total
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