Reference no: EM132768875
Question - ?National, Inc. provides the following? data:
2025 2024
Cash $43,000 ?$25,000
Accounts? Receivable, Net 98,000 ?62,000
Merchandise Inventory 70,000 ?50,000
?Property, Plant, and? Equipment, Net 200,000 ?120,000
Total Assets $411,000 ?$257,000
For the year ending December? 31, 2025:
Net Credit Sales $260,000
Cost of Goods Sold ?(150,000?)
Gross Profit $110,000
Required - Calculate the accounts receivable turnover ratio for 2025.
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