Millward corporations books disclosed the following, Ask an Expert

Accounting

Millward Corporation's books disclosed the following information for the year ended December 31, 2011:

Net credit sales .................................... $1,500,000
Net cash sales ...................................... 240,000
Accounts receivable at beginning of year ............ 200,000
Accounts receivable at end of year .................. 400,000

Millward's accounts receivable turnover is:

a. 3.75 times.

b. 4.35 times.

c. 5.00 times.

d. 5.80 times.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408432

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