Solution-Compute accounts receivable turnover for 2010 and

Compute accounts receivable turnover for 2010 and 2011

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Reference no: EM13536701

The following information is from the annual financial statements of Waseem Company. Compute its accounts receivable turnover for 2010 and 2011. Compare the two years results and give a possible explanation for any change (competitors average a turnover of 11).

	2011	2010	2009
Net sales	$305,000	$236,000	$288,000
Accounts receivable, net (year-end)	22,900	20,700	17,400

Reference no: EM13536701

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Compute accounts receivable turnover for 2010 and 2011

Reference no: EM13536701

Reference no: EM13536701

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