Homework Help: accounting

Posted by bobbie on Wednesday, April 14, 2010 at 3:14pm.

Exercise 9-13: Accounts receivable turnover L.O. A1

The following information is from the annual financial statements of Lucilla Company.

2009
2008
2007

Net Sales
$
262,000
$
193,000
$
245,000

Accounts Receivable, net (year-end)

42,700

40,500

37,200

--------------------------------------------------------------------------------

Required:

Compute its accounts receivable turnover for 2008 and 2009. (Round your answers to one decimal place.)

Year 2008 accounts receivable turnover :

Year 2009 accounts receivable turnover :

accounting - danielle, Thursday, October 28, 2010 at 8:12pm
I also need help with this question

Answer this Question

Related Questions

accounting - The following financial data were taken from the annual financial ...
Financial Accounting - 3. How is accounts receivable turnover calculated?
accounting - I have been hired into a new company to oversee the accounting ...
Accounting - Can anyone tell me if this is correct? I have been hired into a new...
financial accounting - Review the annual reports for PepsiCo, Inc. and The Coca-...
accounting - P9-4A (a-d) Wall Inc. uses the allowance method to estimate ...
ACCOUNTING - This is our next assignemt due. I do not know where to begin ...
Accounting - On Dec 31, 2007, before adjusting entries, the blances of selected ...
accounting/help please - The two accounts used to adjust the uncollectible ...
fin220 - Collins Office Supplies is considering a more liberal credit policy in ...

For Further Reading

First Name:
School Subject:
Answer: