Multiple Choice
St.John's Inc.reported accounts receivable on January 1, 2013, of $500,000 and on December 31, 2013, of $550,000.Sales for the year were $4,000,000.What is their accounts receivable turnover ratio for the year?
A) 7 times
B) 7.3 times
C) 7.6 times
D) 8.0 times
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q56: A company is using the percentage-of-credit-sales method
Q57: Which one of the following is an
Q58: Selkirk Inc.sold a $500,000 machine to Gimly
Q59: The Allowance for sales returns account is
Q60: What is a Letter of Credit?<br>A)A guarantee
Q62: Which of the following is included in
Q63: Which of the following is not a
Q64: Carlos wants to invest enough money now
Q65: Gros-Morne Inc.has the following assets and
Q66: Which of the following is the correct