At the end of the first year, the Treadwell Tire Company had net acc - 10259

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yousafbhutta

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At the end of the first year, the Treadwell Tire Company had net accounts receivable of $66,300 and at the end of the second year the company had net accounts receivable of $73,200. If the company's net sales revenue during the second year was $892,875, the receivables turnover ratio for the second year was:

 

 

 

0.0077.

12.20.

12.80.

0.0781.

 

 

 

Solution Description

 

At the end of the first year, the Treadwell Tire Company had net accounts receivable of $66,300 and at the end of the second year the company had net accounts receivable of $73,200. If the company's net sales revenue during the second year was $892,875, the receivables turnover ratio for the second year was:

 

 

 

0.0077.

incorrect

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