A company reports the following Infommation for the year. Net credit sales $110,000 12,000 98,000 Average accounts receivable Cash collections on credit sales What Is the company's receivables turnover ratio? (Round your answer to 1 decimal place.)

Survey of Accounting (Accounting I)
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ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
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TB MC Qu. 5-177 A company reports the following Informartion...
A company reports the following Information for the year.
Net credit sales
$110,000
12,000
98,000
Average accounts
Heceivable
Cash collections on credit sales
What Is the company's receivables turnover ratio? (Round your answer to 1 decimal place.)
Multiple Cholce
01.
Transcribed Image Text:pe Sistema TAL Saved TB MC Qu. 5-177 A company reports the following Informartion... A company reports the following Information for the year. Net credit sales $110,000 12,000 98,000 Average accounts Heceivable Cash collections on credit sales What Is the company's receivables turnover ratio? (Round your answer to 1 decimal place.) Multiple Cholce 01.
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