Answered: Forecast the ATO based on the following…

Forecast the ATO based on the following data. Sales 1 $66.170B Sales 2 $66.463B NOA 1 $107.760B NOA 2 $109.727B PM average is 14.5% Post you answer with 2 decimal. 0.88 for example

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 14MC: Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit...

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Question

Forecast the ATO based on the following data.
Sales 1 $66.170B
Sales 2 $66.463B
NOA 1 $107.760B
NOA 2 $109.727B
PM average is 14.5%
Post you answer with 2 decimal. 0.88 for example

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