Efficiency ratio: If Randolph Corp. has accounts receivables of $654,803 and net sales of $1,932,349, what is its accounts receivable turnover?
A) 0.34 times
B) 1.78 times
C) 2.95 times
D) None of the above
Answer: C
Efficiency ratio: If Randolph Corp. has accounts receivables of $654,803 and net sales of $1,932,349, what is its accounts receivable turnover?
A) 0.34 times
B) 1.78 times
C) 2.95 times
D) None of the above
Answer: C