Logan Sales provides the following​ information:   Net credit​ sales: $770,000 Beginning net accounts​ receivable: $45,000.00 Ending net accounts​ receivable: $22,000 Calculate the accounts receivable turnover ratio.​ (Round your answer to the nearest whole​ number.)

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...
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Logan Sales provides the following​ information:
 
Net credit​ sales: $770,000
Beginning net accounts​ receivable: $45,000.00
Ending net accounts​ receivable: $22,000
Calculate the accounts receivable turnover ratio.​ (Round your answer to the nearest whole​ number.)
 
 
 
 
A.
23
times
 
B.
35
times
 
C.
33
times
 
D.
17
times
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