微信扫一扫
实时资讯全掌握
| Lancaster, Inc., had net accounts receivable of $168,000 and $147,000 at the beginning and end of the year, respectively. The company’s net income for the year was $204,000 on $1,700,000 in total sales. Cash sales were 6% of total sales. Lancaster’s average accounts receivable turnover ratio for the year is A. 9.51 B. 10.15 C. 10.79 D. 10.87 |