Solution-Determine what the accounts receivable turnover was

Determine what the accounts receivable turnover was

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Reference no: EM132715797

Problem 1: Kingbird, Inc. had net credit sales of $4734000 and cost of goods sold of $3524000 for the year. The Accounts Receivable balances at the beginning and end of the year were $605000 and $710000, respectively. The accounts receivable turnover was

A. 7.9 times.
B. 7.2 times.
C. 3.6 times.
D. 6.6 times.

Reference no: EM132715797

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Determine what the accounts receivable turnover was

Reference no: EM132715797

Reference no: EM132715797

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