FINANCIAL ACCTNG (LOOSE) W/WILEY+ >IP<
FINANCIAL ACCTNG (LOOSE) W/WILEY+ >IP<
9th Edition
ISBN: 9781119051831
Author: Weygandt
Publisher: WILEY
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Chapter 8, Problem 19Q
To determine

Accounts receivable turnover

Accounts receivable turnover is a liquidity measure of accounts receivable in times, which is calculated by dividing the net credit sales by the average amount of net accounts receivables. In other words, it indicates the number of times the average amount of net accounts receivables collected during a particular period.

To calculate: The net credit sales for the period.

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FINANCIAL ACCTNG (LOOSE) W/WILEY+ >IP<

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