Short Company Reports for a Fiscal Year
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For their last fiscal year, the Short Company reported the following information.
Accounts Receivable $160,000
Inventory $204,000
Sales $1,168,000
Cost of Goods Sold $724,000
What is the accounts receivables turnover rate?
a. 0.8
b. 7.3
c. 4.5
d 2.8
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The solution examines the Short Company`s reports for a fiscal year.
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For their last fiscal year, the Short Company reported the following information.
Accounts Receivable $160,000 ...
Purchase this Solution
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