Multiple Choice
LKN Company had net credit sales of $4,290,000 and cost of goods sold of $3,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively. The accounts receivable turnover ratio was
A) 7.2 times.
B) 6.6 times.
C) 3.3 times.
D) 6.1 times.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: The following information is available for
Q23: Another name for horizontal analysis is trend
Q24: Selected data for Buechner Corporation appear
Q26: The income statement for the Carolina
Q28: If the average collection period is 52
Q30: The comparative balance sheet of Delta
Q141: Comparisons of company data with industry averages
Q152: In a common-size income statement,each item is
Q179: All revenue and expense items are considered
Q194: In a common size income statement, the