Solution-What were receivables turnover and collection

What were receivables turnover and collection period ratios

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Question - Tom and Jerry Company had net credit sales of $600,000 and cost of goods sold of $300,000 during the year. The balance in the Accounts Receivable account was $100,000 at the beginning of the year and $130,000 at the end of the year. Based on this data, what were the Receivables Turnover and Collection Period ratios, respectively, for the year?

Reference no: EM132561600

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What were receivables turnover and collection period ratios : Tom and Jerry Company had net credit sales of $600,000 and cost of goods sold of $300,000. What were Receivables Turnover and Collection Period ratios

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What were receivables turnover and collection period ratios

Reference no: EM132561600

Reference no: EM132561600

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