The following information is from the annual financial statements of Duke Company.
$\begin{array}{lrrr}
&2011&2010&2009\
\text { Net Sales } & \$ 385,000 & \$ 308,000 & \$ 255,000 \
\text { Accounts Receivable, net (year-end) } & 57,500 & 54,000 & 44,700
\end{array}$

Calculate the accounts receivable turnover ratio for 2010 and 2011.

Question

The following information is from the annual financial statements of Duke Company.
 $\begin{array}{lrrr}
&2011&2010&2009\
\text { Net Sales } & \$ 385,000 & \$ 308,000 & \$ 255,000 \
\text { Accounts Receivable, net (year-end) } & 57,500 & 54,000 & 44,700
\end{array}$ 
  
Calculate the accounts receivable turnover ratio for 2010 and 2011.

Quizplus · Accepted Answer

The Answer of The following information is from the annual financial statements of Duke Company.
 $\begin{array}{lrrr}
&2011&2010&2009\
\text { Net Sales } & \$ 385,000 & \$ 308,000 & \$ 255,000 \
\text { Accounts Receivable, net (year-end) } & 57,500 & 54,000 & 44,700
\end{array}$ 
  
Calculate the accounts receivable turnover ratio for 2010 and 2011.

The Following Information Is from the Annual Financial Statements of Duke