Where can the amounts needed to compute the accounts receivable turnover ratio be found?
A) The income statement
B) The balance sheet
C) The statement of cash flows
D) Both (a) and (b).

Question

Quizplus · Accepted Answer

The accounts receivable turnover ratio is calculated using figures from both the income statement (net credit sales) and the balance sheet (average accounts receivable).

Where Can the Amounts Needed to Compute the Accounts Receivable