Louisiana State University, Shreveport ACCOUNTING ACCOUNTING Acct 701 company presented the following financial information for December 31, 2018 and 2017. 2018 2017 Accounts receivable $40,000 $36,000 Inventory 28,000

Louisiana State University, Shreveport ACCOUNTING ACCOUNTING Acct 701 company presented the following financial information for December 31, 2018 and 2017. 2018 2017 Accounts receivable $40,000 $36,000 Inventory 28,000

company presented the following financial information for December 31, 2018 and 2017.  20182017

 

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Louisiana State University, Shreveport ACCOUNTING ACCOUNTING Acct 701 company presented the following financial information for December 31, 2018 and 2017. 2018 2017 Accounts receivable $40,000 $36,000 Inventory 28,000
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Accounts receivable

$40,000

$36,000

Inventory

28,000

35,000

Net sales

190,000

186,000

Cost of goods sold

114,000

108,000

Total assets

425,000

405,000

Total stockholders’ equity

240,000

225,000

Net income

32,500

28,000

XYZ’s 2018 receivables turnover ratio is?

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