Solution Preview26. The receivables turnover for 2008 is
A. 3,200 ÷ 400.
B. 2,100 ÷ 400.
C. 3,200 ÷ 350.
D. 2,100 ÷ 350. Receivable turnover = Net credit sales / average accounts receivables =3200/350
Answer:C
Solution Preview26. The receivables turnover for 2008 is
A. 3,200 ÷ 400. B. 2,100 ÷ 400. C. 3,200 ÷ 350. D. 2,100 ÷ 350. Receivable turnover = Net credit sales / average accounts receivables =3200/350