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Waterway Industries had accounts receivable of $106000 at 1/1. The only transactions affecting accounts receivable were sales of $855000 and cash collections of $801000. The accounts receivable turnover
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Feb 13, 2023
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Waterway Industries had accounts receivable of $106000 at 1/1. The only transactions affecting accounts receivable were sales of $855000 and cash collections of $801000. The accounts receivable turnover is: __________
a. 5.8.
b. 5.3.
c. 6.4.
d. 8.1.
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Nishantkyal
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the answer is..
C. 6.4
explanation:
855,000-801,000=54000
106,000+54,000=160,000
106,000+160,000/2=133,000
855,000/133,000=6.4
Mushuweasel
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Feb 18, 2023
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