Company accounts receivable turnover, Accounting Basics

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Company accounts receivable turnover

Frantic Company had $130,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000. The company's accounts receivable turnover was closest to:

a. 5.00 times.

b. 13.00 times.

c. 10.00 times.

d. 8.13 times.

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Accounting Basics: Company accounts receivable turnover

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Accounting Basics: Company accounts receivable turnover

Reference No:- TGS096389

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How direct costs of special fund raising events

Q : Find trimmed mean-mode-sample standard deviation

Q : Company average collection period

Q : Explain population represented by the sample

Q : Company accounts receivable turnover

Q : Prepaid expenses and inventories

Q : Company return on total assets for the year

Q : Cash-flows prepared under the indirect method

Q : Explain whether ad is describing a confidence interval

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Company accounts receivable turnover

Reference No:- TGS096389

Recent Questions Asked Accounting Basics

Q : How direct costs of special fund raising events

Q : Find trimmed mean-mode-sample standard deviation

Q : Company average collection period

Q : Explain population represented by the sample

Q : Company accounts receivable turnover

Q : Prepaid expenses and inventories

Q : Company return on total assets for the year

Q : Cash-flows prepared under the indirect method

Q : Explain whether ad is describing a confidence interval

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