A company reports the following information for the year: Net credit sales $ 120,000 Average accounts receivable 20,000 Cash collections on credit sales 100,000 What is the company's receivables turnover ratio?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company reports the following information for the year: Net credit sales $ 120,000 Average accounts receivable 20,000 Cash collections on ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
is making a change to the layout of the logo, text, and numbers on their basketball uniforms. They have provided these updated specifications to their usual sports apparel supplier, and ordered uniforms for the 2020-2021 basketball team.
Answers (1)
Lily exchanges a building she uses in her rental business for a building owned by Kendall, which Lily will use in her rental business. The adjusted basis of Lily's building is $120,000 and the fair market value is $170,000.
Answers (1)
The largest component of total expenditures in the united states is:
Answers (1)
How many people are killed annually in incidents of workplace homicides?
Answers (1)
Intel's chief executive says the company might expand the technology it is using in its planned $2.5 billion chip-manufacturing factory in China if the United States government allows it, underscoring the technology giant's ambitions in the world's
Answers (1)
New Questions in Business
What happens to the percentage of tax as the income that is taxed?
Answers (1)
he terms of a percentage lease state that rent is 4% of sales up to $100,000 and 2.5% of sales over $100,000. Your business plan projects monthly sales to average $270,000 per month. There is a $250 per month maintenance fee.
Answers (1)
When ann taylor, a well-known retailer of sophisticated women's clothing, started losing sales to its own loft outlets that feature moderately priced casual clothes, ann taylor was dealing with the marketing phenomenon known as _?
Answers (1)
Stefanie takes out a five year car loan and agrees to pay $ 500 every month. Stefanie takes out a five year car loan and agrees to pay $500 every month. This scenario shows how money functions as a
Answers (1)
LO 1.2Which of the following statements is incorrect? The practice of management accounting is fairly flexible. The information gathered from management accounting is not required by law. Management accounting focuses mainly on the internal user.
Answers (1)