KC
Kayla Cleckley
Answers (2)
KC
Answered
Blogs should be used as another avenue for press releases.
On Sep 28, 2024
False
KC
Answered
Steinkraus Corporation has provided the following data: 
Required:
Compute the accounts receivable turnover for this year.Show your work!
Required:Compute the accounts receivable turnover for this year.Show your work!
On Sep 22, 2024
Accounts receivable turnover = Sales on account ÷ Average accounts receivable*
= $886,000 ÷ $109,500 = 8.09
*Average accounts receivable = ($104,000 + $115,000)÷ 2 = $109,500
= $886,000 ÷ $109,500 = 8.09
*Average accounts receivable = ($104,000 + $115,000)÷ 2 = $109,500