The financial statements of the blossom company reports net


Question - The financial statements of the Blossom Company reports net sales of $420000 and accounts receivable of $56400 and $18000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Blossom?

9 times

6 times

11 times

14 times

Solution Preview :

Prepared by a verified Expert
Accounting Basics: The financial statements of the blossom company reports net
Reference No:- TGS02406909

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)