Finding the receivables turnover ratio

Reference no: EM132001531

Question: Minden Co has current assets of $180,000 (cash: $20,000, accounts receivable: $70,000 inventory: $90,000), and long term assests that had cost $400,000, with accumulated depreciation to date of $180,000. Sales were $500000, and operating profit was $50,000. Tax was $20,000 and interest paid was $10,000. Their receivables turnover ratio was?

Reference no: EM132001531

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