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What was the accounts receivable turnover for modern product

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Problem 1: A firm had retained earnings of $130,000 in 20X1 and $158,600 in 20X2. The increase in retained earnings from 20X1 to 20X2 is:

Problem 2: Modern Products, Incorporated had accounts receivable of $360,000 in 20X1, and $432,000 in 20X2. Net credit sales for 20X2 were $4,752,000, and gross profit was $1,365,000. The accounts receivable turnover for 20X2 was

Reference no: EM132824864

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