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Wall Corporation’s books disclosed the following information as of and for the year ended December 31,2013;  Net credit sales                                                           P 3,000,000  Net cash sales                                                                  480,000  Accounts receivable at beginning                                   400,000  Accounts receivable at ending                                         800,000 Wall’s accounts receivable turnover is a. 3.57 times b. 3.85 times c. 5.36 times d. 5.77 times

Wall Corporation’s books disclosed the following information as of and for the year ended December 31,2013;  Net credit sales                                                           P 3,000,000  Net cash sales                                                                  480,000  Accounts receivable at beginning                                   400,000  Accounts receivable at ending                                         800,000 Wall’s accounts receivable turnover is a. 3.57 times b. 3.85 times c. 5.36 times d. 5.77 times

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 12MC: South Rims has an accounts receivable balance at the end of 2018 of $357,470. The net credit sales...
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Wall Corporation’s books disclosed the following information as of and for the year ended December 31,2013;

 Net credit sales                                                           P 3,000,000
 Net cash sales                                                                  480,000
 Accounts receivable at beginning                                   400,000
 Accounts receivable at ending                                         800,000

Wall’s accounts receivable turnover is
a. 3.57 times
b. 3.85 times
c. 5.36 times
d. 5.77 times

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