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 the income statement and balance sheet

Question

Quizplus · Accepted Answer

The amounts needed to compute the accounts receivable turnover ratio can be found on both the income statement and balance sheet. The income statement provides the revenue figure, while the balance sheet provides the accounts receivable balance at the beginning and end of the period.

Where Can the Amounts Needed to Compute the Accounts Receivable