2A2M MAYDALE INC.’S FINANCIAL STATEMENTS SHOW THE FOLLOWING INFORMATI...
53.
CSO: 2A2c
LOS: 2A2m
Maydale Inc.’s financial statements show the following information.
Accounts receivable, end of Year 1
$ 320,000
Credit sales for Year 2
3,600,000
Accounts receivable, end of Year 2
400,000
Maydale’s accounts receivable turnover ratio is
a.
0.10.
b.
9.00.
c.
10.00.
d.
11.25.