Kelly Inc. sold $930,000 worth of goods in the year 2013, out of which $820,000...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Kelly Inc. sold $930,000 worth of goods in the year 2013, out of which $820,000 was on credit. Accounts receivable at the beginning of the year amounted to $95,000 and $115,000 at the end of the year. What will be Kelly's accounts receivable turnover for the year?
A. 8.63 B. 7.81 C. 7.13 D. 8.86
Show your work; points will be awarded only if process to solve is shown.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!