Refer to the following selected financial information from Marston Company. Compute the company's accounts receivable turnover for Year 2. Year 2 Year 1 Accounts receivable, net86,500 82,750 Net sales723,000 693,000
A. 8.37.
B. 4.78.
C. 8.59.
D. 8.54.
E. 8.36.
Answer: D
You might also like to view...
The average American's standard of living continues to improve due to two key factors. What are these factors? Provide explanatory comments about each factor
What will be an ideal response?
In-depth study of consumer consumption through interviews and observing behavior is known as ethnographic research
Indicate whether the statement is true or false
Using the following transactions, calculate (a) the ending balance of Cash, (b) the ending balance of Accounts Receivable, (c) total liabilities, and (d) net income for the period
a. Opened business by issuing common stock for $20,000. b. Billed customers for services rendered, $4,000. c. Paid for six months' subscription in advance, $1,000. d. Received advertising bill, to be paid next week, $200. e. Dividends of $1,600 were declared and paid. f. Received $3,000 from customers billed in b. g. Paid half of advertising bill. h. Received $400 in advance of performing a service.
Until a state assumes partial or complete responsibility for a Resource Conservation and Recovery Act (RCRA) program, the federal government administers the program.
Answer the following statement true (T) or false (F)