Solution-What was the accounts receivable turnover

What was the accounts receivable turnover

Assignment Help Accounting Basics

Reference no: EM13509974

Leary Corporation had net credit sales during the year of $900,000 and cost of goods sold of $540,000. The balance in receivables at the beginning of the year was $120,000 and at the end of the year was $180,000. What was the accounts receivable turnover?

Answer

6.0
7.5
5.0
3.6

Reference no: EM13509974

Questions Cloud

Find the missing amounts : Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost.

Theory of spontaneous generation and biogenesis : Describe the debate between theory of spontaneous generation and biogenesis. Explain how Louis Pasteur's experiment with the S-neck flasks in the 1800's resolved this debate. Include a detailed description of Pasteur's experiment and an analysi..

What is the instantaneous power output : The work performed as a function of time for a process is given by W = at3 , where a = 2.4 J/s3. What is the instantaneous power output at t = 2.6 s

Evaluating your own risk for inherited disease : Evaluating Your Own Risk for Inherited Disease

What was the accounts receivable turnover : Leary Corporation had net credit sales during the year of $900,000 and cost of goods sold of $540,000. The balance in receivables at the beginning of the year was $120,000 and at the end of the year was $180,000. What was the accounts receivable t..

Examples of how society shapes family life : What traits lead some people to call the united states a mass society. why do other analysts describe the united states as a class society? Sociologists points to ways in which family life reflects not just individual choices but the structure of..

Use colored lights to grow plants : Use colored lights to grow plants

Calculate the number of locks that must be sold : Lockwood Company currently sells its deadbolt locks for $30 each. The locks have a variable cost of $10, and the company's annual fixed costs are $150,000. The company's tax rate is 40 percent.

The following phenomena is most likely occurring : A 54-year-old man with a long- standing diagnosis of essential hypertension is meeting with his physician. The patient's physician would anticipate that which of the following phenomena is most likely occurring?

User Account

All Pages

What was the accounts receivable turnover

Reference no: EM13509974

Reference no: EM13509974

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT