Concept: Ratios: Accounts Receivable (AR) Turnover8m
Problem: 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?2m
Owl computers had an accounts receivable turnover ratio of 8, net sales of $120,000 and gross sales of $150,000. What was their average balance in the accounts receivable?
If a company has net sales of $500,000; gross sales of $600,000 and an average accounts receivable balance of $100,000 – what is the accounts receivable turnover?
Beginning accounts receivable were $100,000 and the ending accounts receivable are $130,000. Net sales for the period total $1,265,000. What is the accounts receivable turnover?
E.None of the above
During 2014, XYZ Inc. sold merchandise worth $320,000. It has $60,000 of beginning accounts receivables and $70,000 of ending accounts receivables. What is company’s receivable turnover (rounded)?
On December 31, G Company provided the following information:
January 1 December 31
Accounts receivable $ 3,600 $ 4,900
Allowance for doubtful accounts 200 300
Total revenue $38,800
Cash sales 2,800
G Company’s accounts receivable turnover ratio was: