What was the accounts receivable turnover ratio for 20a3

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Reference no: EM131776604

The following information is available for Seas, Inc.:

12/31/20A3

12/31/20A2

Cost of Goods Sold

$ 900,000

$ 700,000

Net Sales

1,500,000

1,000,000

Accounts Receivable

180,000

200,000

Allowance for Doubtful Accounts

30,000

40,000

What was the accounts receivable turnover ratio for 20A3?

7.89

8.33

9.68

5.81

Reference no: EM131776604

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