Concept #1: Ratios: Accounts Receivable (AR) Turnover
Practice: ABC Company had $200,000 in Net Sales and Gross Profit of $80,000. If AR had a balance of $16,000, what is the AR Turnover ratio?
Enter your friends' email addresses to invite them:
If you forgot your password, you can reset it.
Join thousands of students and gain free access to 12 hours of Accounting videos that follow the topics your textbook covers.