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Brief Exercise 18-11

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Brief Exercise 18-11 (Part Level Submission) The following data are taken from the financial statements of Rainsberger Company.;2015 2014;Accounts receivable (net), end of year $550,000 $520,000;Net sales on account 3,960,000 3,100,000;Terms for all sales are 1/10, n/60.;(a1);Your answer is incorrect. Try again.;Compute for each year the accounts receivable turnover. At the end of 2013, accounts receivable (net) was $480,000. (Round answers to 1 decimal place, e.g. 1.6.);2015 2014;Accounts receivable turnover times times;Click if you would like to Show Work for this question: Open Show Work;The 7.9 and 7.5 are my incorrect answers I need the correct answers please

 

Paper#79031 | Written in 18-Jul-2015

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