Frantic Company had $130,000 in sales on account last year.The beginning accounts receivablebalance was $10,000,and the ending accounts receivable balance was $16,000.The company's accounts receivable turnover was closest to which of the following?
A) 5.00 times.
B) 8.13 times.
C) 10.00 times.
D) 13.00 times.
Correct Answer:
Verified
Q47: Dratif Company's working capital is $33,000,and its
Q48: Granger Company had $180,000 in sales on
Q49: Erambo Company has $11,000 in cash,$6,000 in
Q50: Erack Company has $15,000 in cash,$4,000 in
Q51: Selected year-end data for the Brayer
Q53: Grapp Company had $130,000 in sales on
Q54: Frabine Company had $150,000 in sales on
Q55: Eral Company has $17,000 in cash,$3,000 in
Q56: Eastham Company's accounts receivablewere $600,000 at the
Q57: Grave Company had $150,000 in sales on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents