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What is palmetto accounts receivable turnover ratio

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Question - Palmetto Company had total sales of $160,000, of which, $20,000 were cash sales. Palmetto also had beginning and ending accounts receivable balances of $12,000 and $18,000, respectively. What is Palmetto's accounts receivable turnover ratio?

10.67x

17.50x

8.89x

9.33x

Nutrition Inc. made a payment on a past due account payable. How would this be shown on a statement of cash flows?

increase in cash from a financing activity

increase in cash from an investing activity

decrease in cash from an investing activity

decrease in cash from a financing activity

decrease in cash from an operating activity

increase in cash from an operating activity

Reference no: EM133008560

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