What was alliance receivables turnover ratio, Accounting Basics

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What was alliance receivables turnover ratio

Alliance Software began 2011 with accounts receivable of $115,000. All sales are made on credit. Sales and cash collections from customers for the year were $780,000 and $700,000, respectively. Cost of goods sold for the year was $450,000. What was Alliance's receivables turnover ratio (rounded) for 2011?

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Accounting Basics: What was alliance receivables turnover ratio

Reference No:- TGS065420

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate the employers payroll tax expense

Q : Should the company buy the proposed equipment

Q : Record the entries and the required adjusting entries

Q : Elements of competition and monopoly

Q : What was alliance receivables turnover ratio

Q : How many variable input should firm use to maximize profits

Q : Average fixed cost-average variable cost

Q : Auditors having audited the prior year

Q : Literal application of gaap

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was alliance receivables turnover ratio

Reference No:- TGS065420

Recent Questions Asked Accounting Basics

Q : Calculate the employers payroll tax expense

Q : Should the company buy the proposed equipment

Q : Record the entries and the required adjusting entries

Q : Elements of competition and monopoly

Q : What was alliance receivables turnover ratio

Q : How many variable input should firm use to maximize profits

Q : Average fixed cost-average variable cost

Q : Auditors having audited the prior year

Q : Literal application of gaap

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