compute for each year the accounts receivable turnover at the end of 2015 accounts receivable was 541 500

Brief Exercise 13-11 (Part Level Submission) The following data are taken from the financial statements of Pharoah Company. 2017 2016 Accounts receivable (net), end of year $ 555,400 $ 520,000 Net sales on account 4,714,000 4,185,000 Terms for all sales are 1/10, n/45

(a) Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $541,500. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Accounts receivable turnover Enter turnover in times rounded to 1 decimal place. times Enter turnover in times rounded to 1 decimal place. times Click if you would like to Show Work for this question: Open Show Work

 

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