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VC Corporation's books disclosed the following information as of December 31, 2021 P 2,000,000 Net credit sales 500,000 Net cash sales Merchandise purchased Inventory at beginning Inventory at end Accounts receivable at begiming Accounts receivable at end 1,000,000 600,000 200,000 300,000 700,000 Net income 100,000 VC Corporation's accounts receivable turnover is: Net credit sales Accounts receivable turnover = Average acCounts receivable a. 4.0 times O b. 5.0 O c. 3.6 times

VC Corporation's books disclosed the following information as of December 31, 2021 P 2,000,000 Net credit sales 500,000 Net cash sales Merchandise purchased Inventory at beginning Inventory at end Accounts receivable at begiming Accounts receivable at end 1,000,000 600,000 200,000 300,000 700,000 Net income 100,000 VC Corporation's accounts receivable turnover is: Net credit sales Accounts receivable turnover = Average acCounts receivable a. 4.0 times O b. 5.0 O c. 3.6 times

Managerial Accounting: The Cornerstone of Business Decision-Making
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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VC Corporation's books disclosed the following information as of December 31, 2021 P 2,000,000 500,000 Net credit sales Net cash sales 1,000,000 Merchandise purchased Inventory at beginning Inventory at end Accounts receivable at beginning Accounts receivable at end 600,000 200,000 300,000 700,000 Net income 100,000 VC Corporation's accounts receivable turnover is: Net credit sales Accounts receivable turnover = Average accounts receivable O a. 4.0 times O b. 5.0 O c. 3.6 times
Transcribed Image Text:VC Corporation's books disclosed the following information as of December 31, 2021 P 2,000,000 500,000 Net credit sales Net cash sales 1,000,000 Merchandise purchased Inventory at beginning Inventory at end Accounts receivable at beginning Accounts receivable at end 600,000 200,000 300,000 700,000 Net income 100,000 VC Corporation's accounts receivable turnover is: Net credit sales Accounts receivable turnover = Average accounts receivable O a. 4.0 times O b. 5.0 O c. 3.6 times
1,000,000 Merchandise purchased Inventory at beginning Inventory at end Accounts receivable at beginming Accounts receivable at end 600,000 200,000 300,000 700,000 Net income 100,000 VC Corporation's accounts receivable turnover is: Net credit sales Accounts receivable turnover = Average ac ounts receivable a. 4.0 times b. 5.0 O c. 3.6 times O d. 2.9 times
Transcribed Image Text:1,000,000 Merchandise purchased Inventory at beginning Inventory at end Accounts receivable at beginming Accounts receivable at end 600,000 200,000 300,000 700,000 Net income 100,000 VC Corporation's accounts receivable turnover is: Net credit sales Accounts receivable turnover = Average ac ounts receivable a. 4.0 times b. 5.0 O c. 3.6 times O d. 2.9 times
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