Diviney Corporation's net sales and average net trade accounts receivable were $8,710,000 and $630,000, respectively. Calculate Diviney's accounts receivable turnover. Round your answer to two decimal places.

Diviney Corporation's net sales and average net trade accounts receivable were $8,710,000 and $630,000, respectively. Calculate Diviney's accounts receivable turnover. Round your answer to two decimal places.

Name: Diviney Corporation's net sales and average net trade accounts receiva
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Description: Diviney Corporation's net sales and average net trade accounts receivable were $8,710,000 and $630,000, respectively.Calculate Diviney's accounts receivable turnover. Round your answer to two decimal places.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4BE

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