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grigory [225]
3 years ago
6

Powers Company reported net sales of $1,250,000, average Accounts Receivable, net of $73,500, and net income of $53,150. The acc

ounts receivable turnover ratio is:
Business
1 answer:
ipn [44]3 years ago
4 0

Answer:

17 times

Explanation:

Data provided in the given question :-

Net Sales = $1,250,000

Average account Receivable = $73,500

Net Income = $53,150

So, the accounts receivable turnover ratio is given below :-

Accounts receivable turnover ratio = Net sales ÷ Average accounts receivable

= $1,250,000 ÷ $73,500

= 17 times

Hence the net income is ignored for calculating the account receivable turnover ratio.

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The correct answer is Assign costs of work process.

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For consumers, pizza and hamburgers are substitutes. a rise in the price of a pizza causes ________ in the equilibrium price of
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.E. sole proprietorship.

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If Ford cuts back production, those supplying it would have to supply less which would hurt profits. This is therefore a threat.

Find out more on the SWOT Analysis at brainly.com/question/1438685.

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