题目
题目

BACC011 Week 6: Practice Quiz

简答题

Here is some financial statement information for a business. Calculate the accounts receivable turnover ratio for the current year.    Prior year Current year Cash 312 258  Accounts receivable 309  126  Short-term investments 392  178  Inventory 275  315  Property, plant and equipment 1,804  1,078  Sales 4,000 7,247 Net profit  2,000 4,222  Share capital  3,500 3,500  Calculate your answer to one decimal place. Do your rounding at the end of the calculation. 

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思路分析
We need to compute the accounts receivable turnover ratio for the current year using the standard formula: Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable. First, identify the numbers we have: Sales for the year are 7,247. Since the problem asks fo......Login to view full explanation

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